finance
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Money-management lessons that will set your children up for life
It’s a fact: children learn from their parents. So, before you dispense financial guidance, take a moment to examine your own relationship with money. Do you have a budget? Are you in debt? On what do you spend money? By Catherine Eden
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f you can help your children grasp the concepts of prioritising, investing in their future and living within their means, they will thank you one day for the skills you have shared. Not sure where to begin? Use these tips to get the budget ball rolling in your home.
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Identify values
People spend disposable income on what they value most. Your children have different personalities and preferences. What would they like to save for? To encourage impulse spenders to save for a special item, give them a target and pledge to match it. Show your children that spending a little of what they have can buy them a whole lot of fun. It’s all about balance.
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