FINANCIAL ADVICE BLOG

One of the most important things that everyone needs to know is how to manage money. It's the one thing that can either make or break you in life. If you are not great at managing your money, you will most likely find yourself in debt all of your life, along with the bad credit ratings this can bring you. As this is such an important skill to master, it is never too soon to start teaching your children the value of money managing skills... This actually sounds a lot harder than it is. Most of the lessons work in naturally with other day to day things. However, there are a few special things that can be taught outside of these daily activities. Start out with a piggy bank for younger children. When Grandma and Grandpa give them money for their birthdays, have your children put some of this in their banks to save. They can be given a small amount of money to spend when you take them shopping. This is a lesson in saving money for them... Older children, such as 12 - 15 year olds, can be..