by Troy Byrd

Created on: April 19, 2009

Hello there it is our responsibility to show not of the importance of money to our children.But to show with it what you can gain for one day as society financial system is down so are the people of the economy.So if one was to show their children how to save for the worst to come then they will gain in this financially crisis that the world is faced with.You also have to teach them the difference between wants and needs.Take your child and sit them down and tell them where you went wrong.It is really important that they learn,It doesn't,t matter what you make as long as you learn how to survive off of what you have.If you show them how applying themselves will benefit them financially in the long run.If everyone was to walk away from those evils of wants over needs then they will benefit.Teach them about stocks and bond ,Cd and investments.

They need to know how to run a bugget and balance to their bills princoles and control of their money on their own at a young stand point of their lives is helpful so,They can see thier mistakes at a childhood age.They are never to young to start learning in fact i have seen it works better to start them off learning about money at an urlier age in their lives.I have watched so many people even myself stuggle to learn what money management is ansd what it is worth in the long run.

Teach them how to generate money and how to spend and save to get what they need but at a young age they will want to spend if on wants,But don,t let them spend it all and have them get their needs.So they can c what they are going into when they get older and they start of into this Nation as a grown adult.When they go to college they will need things and we as parent can,t always get them for them because they will need to learn from their downfalls in life.

As they start to build bills and assets you will need to help them so they don,t get bad credit as for so many have failed to see and hurt themselfs because they had a card that was like money but it was as bad as taking a loan for a want not a need then they relly needed that money to pay for more relistic bills for them survive.talk to them about loans and credit cards.When you take a loan out what is a apr. the budget and what else comes with it like when you take a car loan out it can also cost you more money in car insurance,Repairs and gas.Or a home loan or even when you just take a job that is out of the town where you live how munch you make verses what you spend to get back and forth to and from work plus travel to the store.All of these things must be taught in order for your younger children to survive out in this world today the age persons bills verse their bills and money they network with just survive.

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