Saving should be formally taught in schools. Parents must encourage their children to have their savings account. Thus, teaching them to value money at a very young age and to save as early as possible will be their initial capital. The importance of it is not just saving a part of the children’s school allowance and their Christmas “aginaldos” (or money gifts). Imparting and instilling in their fresh minds the importance and value of money in a positive mature way. With the prevalence of globalization and consumerism in the world today where gadgets, cell phones, i-pods, mp3s and mp4s, and laptops galore are the rave, frugality must be first taught at home.
Let me share a story of a mom blogger whom I think parents must exemplify. Just click the following highlighted words. Mom, Help Her Kids Save!
Save, invest, and diversify your activities, network and endeavors. Certainly, it will lead to abundance in the future.
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