How parents can teach their children about money management
Anglų rašinys. How parents can teach their children about money management.
In childhood children find a lot of things attractive: they want to have every toy, try out every candy and have never ending fun. However, these entertainments come with their expenses that are usually covered by parents are not put into consideration by children. This may lead in into a serious problem: children will not learn to manage money which is a vital skill to have.
One of the ways for parents to teach their children about money management is to give them allowance. Then they will have their own budget that they will be able to spend on things that they wish. But in this way children may create wrong priorities and waste their money on toys or candies instead of food.