The Scottish member, Jimmy, has been diligent in making money an interesting topic for his two children and his son has aquired an interesting perspective on it all.
"The bigger the house the bigger the mortgage, the bigger the car the bigger the car loan and the bigger the TV the bigger the line of credit"
Absolute common sense, but quite the comment from a 10 year old to his 8 year old sister!
In my house, growing up was always about money, but very little of what was going on financially "with the grown ups" was ever discussed, probably because they were too busy making ends meet.
"children should be seen and not heard"
At my schools, primary and secondary, it was very important in the curriculum that we be educated regarding Pyramus and Thisbe, the Capital of Yugoslavia or the importance of Venn diagrams. The subject of Economics was so vast and complicated that it never lowered itself to teaching the basics of running a bank account, balancing a budget or saving for retirement.
The point here is that, as you learn to master your own finances, take time to teach your children the same, sure, fiscal responsibility may be a huge topic for an 8 year old (or an 80 year old) but if you start them young they will at least know the basics for when they stop spending your money and start saving their own.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment