There is a famous saying “A penny saved is a penny earned”. This shows that merely earning money does not make one rich. Saving also forms an essential part of earning wealth. Wouldn’t it be wise to teach one’s children about money and the art of saving and investing at a young age .Remember any work well begun is half done. The same holds true with finances. If one’s child learns how to handle money at a young age it would stand him in good stead in his older years and he would not be overawed by any financial situation.
There is a famous saying “If you would be wealthy, think of saving as well as getting”. This saying needs to be taught to ones child as early in life as possible before he comes under the influence of his peers and friends and starts splurging on credit cards and falling in debt. Surely an investment in financial knowledge is the only way out of this mess.
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