Financial Exercises for All Generations
An individual is never too young or too old to become literate in terms of financial education. A prescribed structure of strategies and tools must be followed by the young and adults.
Experiment your astute: If you think you are a good economist, you can investigate yourself with a brief set of questions on financial subjects. If any knowledge is found missing, online resources can be used.
Make it enjoyable: A game can be a spark plug to initiate the thinking of children. It is a form of diversion that develops the mind of your child to utilize the money used for small purchases, for a big purchase in the future. An iPhone app named Tycoon teaches children to turn their small payments of chores to the expense of a big-ticket.
Interact fiscally: Money is like a foreign language to children. They can get financially interested in discussions about money, just as they attain education from native speakers. A suggestion could be to ask your children how their family could reduce expenses.
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