Teaching Your Child the Important Skill of Money Management
Parents have a sacred duty to provide their children with their temporal needs that includes the basics like shelter, food, and clothing, and also the luxuries like toys. The duty of a parent does not end at providing the immediate needs of a child and it extends to ensuring that a child can meet his or her needs in the future as well. Teaching them the important skill of money management is a step towards ensuring that they grow up to be financially independent adults. In the modern age of advertising, the marketers heavily influence the minds of the young ones with all their temptation of toys, junk food, and more. For parents, it might feel like that they are better off without giving any money to their kids. But, that is not the right way forward as until you give them money, you cannot teach them the importance of money and the ways of saving the bucks. We, at the K.R. Mangalam School, believe that it is better to teach the kids the important lesson of money management when ...