We teach our children and grandchildren about money by how we model certain habits such as saving, spending, and giving to others. What lessons have you taught your children and what will they say they learned from you about money? Needless to say, what we observe from our parents and grandparents will become lifelong lessons that often determine their personal financial pathway. Whether it is fear, uncertainty, frugality, or decisiveness lessons about money are far-reaching. Methods such as ‘money talks or discussions’ may be helpful. However, what we show them through our attitudes and responses to monetary issues or problems speaks volumes to our children and grandchildren. What lessons have you taught others in your family and what will they say was the biggest lesson your children learned from you? Here are important messages we teach others:
- debt is a form of slavery
- financially successful people live below their means
- pay yourself first
- forget about impressing the neighbors and friends
- save aggressively early, you won’t have to save so much overall
- craft clear financial goals
- don’t believe everything you hear about money
- set your own spending limits and stick to them
https://www.moneytalksnews.com/10-things-every-high-school-graduate-should-know-about-money/
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