Recently had this conversation with a friend of mine who will soon become a parent herself in a few months time. Think it will be interesting to see what the Community shares.
Most definitely the gift of introduction to financial literacy. I mean every parent wants the best for your child. And what better than to pass on what we have already learnt from life rather than wait for them to learn from trial and error.
So many topics that i wish had been introduced to me earlier in life such as:
Prioritising Needs Over Wants,
Budgeting and Delayed Gratification
Concept of (Financial) Planning
i dont think im any expert in these fields, but i do believe that simply getting our kids to start thinking about such topics would be a great start.
I believe it is very important that the parents teach their children about personal finance skills. Currently, our formal education system lacks such education which resulted in us growing up learning personal finance either through an easy way (self-discovery) or the hard way (chained by lots of debt due to reckless spending etc). Therefore, I believe educating children on personal finance should be mandatory.
17 Mar 2021
Blogger at diaperfinancingfund.blogspot.com
I'm surprised this question hasn't garnered more replies yet!
[A healthy relationship with money, o...
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