Financial resolution for the New Year 2017
The best time to learn about the virtues of savings and investment is when we are young kids. What we learn as children remains with us for life. Moreover, today’s children are tomorrow’s investors. Thus, it becomes inevitable to teach them lessons of savings while they grow to make them understand ways to become pennywise and not otherwise. Therefore, this New Year 2017, you should resolve to make your children ‘cash clever’ for their brighter future. A very crucial money skill to be learnt by everyone is the difference between needs and wants.However, for children, that can be a highly tricky proposition.In simpleterms, a need is something that you must have to survive. It includes food, water, and a home. A want is somethings that is nice to have but you can actually live without. It includes an ice cream, a new skateboard, a new bicycle, or the latest Nintendo series.
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