What we teach our children in their formative years has a huge impact on how responsible and independent they become as adults. Starting them young ensures that they will at the very least have their basics covered.
Knowing the difference between living comfortably and living lavishly is something that we need to teach them since the beginning. Knowing about saving accounts, emergency funds, sinking funds, and different forms of investments might seem like an adult thing, but starting them young doesn’t do any harm.
If anything it will get them interested in handling finances. Teach them using examples because technical terms might get a little confusing in the beginning. Teach them about services like 24Cash.ca that they can use to get a little help with a quick loan that could be paid up in 90 days.
When I was young, my dad was against loans, so we always got things that were in our budget. When it came to buying a new house, he still didn’t want to get a loan. So, instead of getting a great place, we settled for something else. It wasn’t a good locality so it did more harm to our mental peace than good about having our own home.Continue Reading