Browsing: Saving habits

Money management skills do not come easy and teaching about money at home could start with small steps such as introducing piggy banks.

Given the importance of financial skills in succeeding in life, it is surprising that society today does not offer children the much-needed knowledge about the proper usefulness or value of money.

While the primary responsibility of parents is to prepare children for a more independent life, it is advisable that they also give them financial lessons to navigate life. As in my first scenario, personal finance more often than not is not discussed at the family level.

With a society that is pushing young people to be financially independent, learning about personal finance has never been more important for children. Money management skills for students come in handy in such cases especially when the children are older.…