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Money is a part of your everyday life. You use it to buy the things you and your family need and want. Buying food, paying rent or mortgage, buying clothes, taking a vacation, and paying for child care are some of the necessary things that require money. No matter what your personal beliefs are about money, we can all agree that it is part of our lives. Saving is an important part of learning how to manage money.Saving money involves making choices.
Use Money to Develop Community Skills
Setting goals is fundamental to learning the value of money and saving.
Keeping good records of money saved, invested, or spent is another important skill young people must learn.
Be cautious about making credit cards available to young people, even when they are entering college.
Establish a regular schedule for family discussions about finances. This is especially helpful to younger children--it can be the time when they tote up their savings and receive interest.
Monopoly would be a good suggestion.
Hi
To be good with money is very important. Anything you want requires money. You need to have an income. That is you need to be getting money from somewhere. Whether it is a job or an allowance.
There is savings and investment. You need to find out about these two things at banks or savings and investment institutions. The percentage on the capital that you invest or put into savings is important.
Another thing is for your pension. An annuity plan. How much you will get when you retire. Then there are heath plans for critical illnesses.
So my advice to you is to talk to a banker or and investor and find out your options.
Take care and I hope I have helped you.
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