Comments on: Your Kids Can be Financially Savvy http://www.pfadvice.com/2009/02/15/your-kids-can-be-financially-savvy/ Bridging the gap between saving money and investing Fri, 10 Feb 2012 02:42:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: manageME7 http://www.pfadvice.com/2009/02/15/your-kids-can-be-financially-savvy/comment-page-1/#comment-538321 manageME7 Wed, 25 Feb 2009 12:41:03 +0000 http://www.savingadvice.com/blog/?p=4101#comment-538321 Imparting money management right from childhood can really help the kids in dealing with financial issues. They can take rational financial decisions more effectively. The parents should make their kids realize the essence of money management. They should discuss with their kids about family condition on regular basis. Moreover, money management concept should also be taught in schools as a separate subject. This way one can make 'money management' a habit right from the early days. Life is so simple, do not make it difficult. Just try to manage yourself. Imparting money management right from childhood can really help the kids in dealing with financial issues. They can take rational financial decisions more effectively.

The parents should make their kids realize the essence of money management. They should discuss with their kids about family condition on regular basis.

Moreover, money management concept should also be taught in schools as a separate subject. This way one can make ‘money management’ a habit right from the early days.

Life is so simple, do not make it difficult. Just try to manage yourself.

]]> By: Cristi Smith http://www.pfadvice.com/2009/02/15/your-kids-can-be-financially-savvy/comment-page-1/#comment-533715 Cristi Smith Mon, 16 Feb 2009 02:56:16 +0000 http://www.savingadvice.com/blog/?p=4101#comment-533715 I am a firm believer in what you have wrote. As a young mother I introduced my child to the household budget at the age of 5. Naturally she was taught the age appropriate things at the right age times. By the time she was a teenager she understood that you cannot spend more than you have coming in. Most teenagers today either don't get that or don't care. Our children today are in a gimme generation. For some reason far too many kids think they deserve things and shouldn't have to earn them. Part of that is our fault as parents. Too many parents want to shield their children. They want to protect them from the big bad world and I have even heard my own friends say, why should they have to worry about that yet? Well, I believe they should be educated on money just like we educate them on doing the right thing. It is a part of the requirement to a successful adulthood. I am a firm believer in what you have wrote. As a young mother I introduced my child to the household budget at the age of 5. Naturally she was taught the age appropriate things at the right age times. By the time she was a teenager she understood that you cannot spend more than you have coming in. Most teenagers today either don’t get that or don’t care. Our children today are in a gimme generation. For some reason far too many kids think they deserve things and shouldn’t have to earn them. Part of that is our fault as parents. Too many parents want to shield their children. They want to protect them from the big bad world and I have even heard my own friends say, why should they have to worry about that yet? Well, I believe they should be educated on money just like we educate them on doing the right thing. It is a part of the requirement to a successful adulthood.

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