Many parents think that it is good to teach children about the value of money .Why do you think it is important to teach them the value of money? In what ways can you help children learn the value of money?

In
this
modern world, knowing the true worth of money; how to spend and means to earn are one of the crucial aspects.
Therefore
, most guardian tends to educate their young ones at an early age. There are several causes which makes
this
concept essential for every individual. Thereby,
this
essay will decipher the reasons which make it worth the attention and the manner which can help
children
to grasp
this
skill.
To begin
with the major causes,
children
who know the importance of money are more likely to have a better career plan and financial situation later in their lives with a secure and successful personal and professional life respectively.
In other words
, according to the States employment survey of
last
year,
children
who tend to have their independent savings account being a teenager are likely to have a retire at a young age with a hefty amount of capital for their old age.
Hence
, it is worth teaching young ones about their value.
Furthermore
, parents can draw several steps or methods to educate
children
about the benefits of savings; one of the major steps would be to let the youngsters work on their own because only
then
one can understand the effort and hard work goes behind every single penny earned.
Secondly
, Guardian should make plans to visit places where people with misery and homeless stays, so that
children
would know the worst consequences of not saving and spending recklessly on useless things
such
as in parties, branded clothes and so forth. To recapitulate, instructing kids about the correct use of capital and means of earning could support them to perform well later in life.
Hence
, parents could take different methods to make it understand to their kids.
Submitted by muskanjot1999 on

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