Parents have the sometimes daunting responsibility of teaching their children how to manage money. At a young age, this usually involves saving pocket money to buy something they really want. Once kids understand the concept of money and saving, you can take it a step further and broach the subject of investment. It does not have to be overwhelming, it can be fun, according to Marissa Schulze playing games like Monopoly or Monopoly Junior is a great starting point.
“Your children will have fun while learning that they more money they have invested in property, the more rental income they will receive and the easier it is to become wealthy and win the game,” she said.
You should teach your younger children about using cash as money has become invisible, money is a debit card and we’re not seeing money in notes as much anymore.
You can divide their money into three categories, spend, save and give. This teaches them to be responsible with their money and to be more involved in helping their community. Scott Pape uses the ‘jam jar’ approach to make the process easy to understand.
Discuss where and why you invest in certain portfolios with your teenagers. If they show an interest in following the share market you can discuss possible future investments and keep track of certain shares regularly. This way you ensure they are educated to make the best possible investment choices for their savings.
Follow Cigno Loans on Facebook: https://www.facebook.com/cignoloansau/
URGENT LOAN HELP @ 2% INTEREST RATE with Victoriafinancier@ outlook. com
I was stuck in a financial situation and i needed to refinance and pay my bills for my son’s medication and buy a home.
I tried seeking for a loans from various loan firms both private and corporate but never with success, and most banks declined my credit. But as God would have it, i was introduced to VICTORIA LAWSON Trust Loan Firm ( victoriafinancier@ outlook. com ) with 2% interest by a friend, and i got a loan amount within few days because i was not always online to responds to her mails. Today am a business owner and my kids are doing well… so i want to advice any one in need of a loan to quickly contact her via email on victoriafinancier@ outlook. com I own Victoria every day appreciation for all she has done in my life. Her service is strong, big and reliable.