Little Savings Yield Big Rewards
The idea of saving will never elicit applause from kids but there are ways for parents to make savings more seductive. If our son wants a new TV for his room, play in CEO and start a home version of a retirement fund, explaining that you will throw in, peso for peso, what your child saves. Better yet, enlist children in a family cause. I did. After I lost my job, we decided to trade in our holiday abroad for a less taxing beach getaway. We set up a vacation fund and squirreled away a not-insubstantial P15,000. The kids learned a principle even some parents find difficult: delayed gratification (excerpt from Lesson#4: Pass on Money Wisdom to your kids - Good Housekeeping)
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I like your blog sir, simple yet very direct and informative. We have same topic and I am an OFW from KSA(saudi). If you like we could exchange link.
Health and Wealth (http://eduardo-castro.blogspot.com and or you could post a commenst in my blog. Thank you.