Money cannot buy a mind, but it does gives peace to the body. The value of money is immense from the material point to view as long as we are living. Money needs to earned, saved and then spent to live without worries. Children, before starting to earn are often extravagant, taking life too easily. They need to be taught the lessons early enough in order to make them responsible citizens, capable of imparting the values to the next generation.
One of the major lessons which parents must pass on to their children is the importance of saving for the rainy day in order to be happy and secure.
Here’s how to do it.
Allocate pocket money