Ever got frustrated with the way your child is spending money? Does your child appreciate and value money?
Unlike long division and gymnastics, personal finance is not properly covered under our school education curriculum, which leads to the questions above that every parent asks themselves at some point in their life. Even though parental wisdom has stood the test of time, it takes a bit more effort to teach a child about financial management principles.
The lack of financial education is not as severe as drugs addiction or other kind of bad habits but its long-term consequences could be quite severe. In the past, one job can feed a family, but now both parents also need to work hard and yet we still find it hard to afford a house. Your child could be one of the victims that will face the hardship of this competitive world if you do not act now. For you being silent regarding the matter of money and financial management education communicates that you think it is not important to value the money.