Page 74 - Workbook2E

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Your Family’s Attitude Towards Money Management
A key to helping young people learn to stay on the path of good money management is to begin early. Children must be taught how to develop a sound financial philosophy based on correct principles. How else are they going to recognize and avoid the tempting side roads that keep them from their goal? Their successful financial future must be based on a good plan for spending, saving, avoiding debt, and proper credit management.
...So Grows the Tree
It’s been proven the example set for the young affects their actions much more than what is preached in an effort to teach them. How you handle your finances is
crucial to their
training. They must develop skills to withstand the appealing temptations of easy-credit lenders. Their clear knowledge
of how to make money grow and their own productivity, determines their success.
As you begin to teach these principles to your children,
it’s vital you understand how you and your children view money management now. The following quizzes give you a better feel for where all of you stand on questions of money management.
“To bring up a child in the way he should go—travel that way yourself.”
~ Josh Billings
70 Workbook 2: Improve Your Financial Life