Learning to manage money is one of the key aspects of adult life. How in your view can individuals best learn to manage their money?

Learning to manage money is something that virtually everyone must do as the ability to maintain a balance between income and expenditure is essential for a stable life. In many developed countries, the availability of easy credit and a wide variety of financial products have made the task of managing one's cash more complex. In less affluent ways in which people can learn to manage their payments. Learning by example is one important method. From their early years, children can observe how parents make financial decisions. They may notice,

for example

, whether the wage is saved for costly purchases are bought on credit. Children can

also

see what kinds of criteria parents use when choosing what to buy,

for instance

, whether quality or quantity is more important. It is important,

therefore

, that parents model sensible purchasing behaviour and explain what they are doing and why.

However

, in many circumstances,

this

may not be sufficient. Another important means of teaching people to manage salary is through education. When schoolchildren,

for instance

, learn arithmetic, they could

also

be taught the basic of budgeting and how to recognize good value. For adults, the Internet could be a good source of advice on how to save wage. Price comparison websites,

for example

, can be a good way of researching what is available before making an expensive purchase. In conclusion, The ability to manage cash is often taken for granted. Because the consequences of poor payment management can be severe, it is worthwhile taking steps to ensure people are as well informed as possible.