Money is Not a Taboo! Talking About Financial Literacy Is More Than An “Adult” Matter
Money should not be a taboo topic within your family. On the contrary, it is probably wise if you have an open communication with your loved ones, including your children. When we were younger, many of us often receive the advice “If you study hard, attend college and get a job, you should get a decent life”. Yet, there is usually more than just earning enough to meet ends meet. It is a good start if you begin your financial planning with a budget plan. However, you may soon find out that sustaining a long-term budget with financial goals is another huge project altogether. 10 Steps to Develop a Healthy Relationship with Money Additionally, we tend to learn from what we are exposed to. Businesses hold on to this opportunity with fanciful financial products. Over time, they have pushed the financial well-being responsibility onto us through more selling and less on educating. “..consumers are sometimes only as literate as the products the financial-services industry chooses to sell them.” (Getting It Right On The Money, Apr 8, 2008) So how do we decide based on our individual circumstance? In this case, we need both financial knowledge and good habits to make good decisions [...]
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