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Teach your children about loans

Monday, March 6, 2017, 7:51 AM

Children see you availing a loan from the bank.They need to understand, this is not free money and must be repaid to the bank with interest. Teach your children a simple lesson. Borrow 100 Rupees from your children and repay 110 Rupees after 3 months. Your children realize that if they borrow money from the bank, they have to return this money with interest.
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