November 26, 2008

Teaching kids about debt

With governments plans to teach children aged between five and sixteen about all matters of finance, has to be one of the best timed educational policy for a long time. They will be getting lessons in how to balance their personal finances and more importantly how to avoid debt.

In a recent survey it was found that seventy of parents these days are talking more openly about finances, which can only be a good thing as it, shows different families situations, this is better to a certain extent because it relates directly to the child’s life.

It is the thirty per cent who do not discuss the family finances who are going to need the extra help, because they are not open about the family finances, this means that their children are likely to follow suit and continue the cycle of putting their heads in the sand.

Source [Face Destiny]