Showing posts with label Money matters. Show all posts
Showing posts with label Money matters. Show all posts

Monday, November 12, 2007

Talking Value of Money

Money matters to people of every age and at every stage of life. For today's teenagers, often labelled the 'I want it now' generation, it has never been more important. It's never too early for children to learn about the value of money and, more importantly, how to avoid getting into unmanageable debt.
Generation Z who are now at the age where they'll be starting to earn pocket money and exposed to credit, it really is crucial that parents raise their children's awareness about the basics of money management. Children need to understand that money is a limited resource and does not simply materialise from holes in the wall or by swiping a credit card. Parents cannot really be expected to provide a financial safety net in all situations.
Financial literacy skills should be at the forefront of knowledge for the next generation of consumers so that needs and wants are closely monitored and savings plans made and adhered to.

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