It is extremely important to teach your
kids about managing their expenses, financial literacy is as important as any
other form of education.
The question is, what is important,
to learn how to make money or to learn how to save it and then invest it at the
right places. I think both of them are important but the learning latter will
be more productive in the long run.
There are many people who did not
attend great universities after college but are still successful, the main
reason is that they are literate about their finances; they went through financial literacy for teens during
their high school or junior college.
On the other hand, there are many who
made a lot of money at one point of their career, but could not savor it only
because of their lack of knowledge of management of money.
Teenager is the foundation of what
you will turn out later in your life. In most people’s lives teenage is the
time when we choose a career for ourselves, learn the social responsibility of
a citizen and many important thing that helps us in the future when we are in
our 30s and 40s and later. So it is important for the parents to indulge their
teenage kid in financial literacy seminars and help them understand why saving
money is important and how to use that money for maximum benefits.
Parents always take care of their
kids, but this is life’s harsh truth that the kids will have to be on their own
one fine day. This is why it is important to learn one of the most important
things in life, to manage your finances. It is important because one day these
teenaged kids will be a parent themselves and these planning methods they learn
now will help them implement in their lives where they will have to take care
of their kids and family.
You can learn how to manage your
finance in a day, but it takes a good time to implement it in your lifestyle.
So, as a parent, you will need to participate in the financial literacy of your
teenager child.
After all, you can’t rely on schools
to teach you almost every basic thing, it is something they will teach your
kids but it’s you who will help it plant in their minds.
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