Many statistics show that people are sorely lacking in financial education. It is the absence of knowledge on how to budget and save money that contributes to the high number of bankruptcies and the even higher number of people who are living paycheck to paycheck.
To make sure your kids don’t suffer this fate, it is a good idea to teach them good money habits from a very young age. This means teaching them, perhaps, the most fundamental lesson of all – how to save.
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