Money jars system, a way to teach kids money sense
A very good book to teach parents on kickstarting financial knowledge and practice for their kids. According to the author, it is never too early when to expose children on health money spending or saving money as they are already learning when they see adults use their money whether it is buying things, saving in the bank among others My parents (I believe many do too) think that I am obliged to give them a lot of money (as seen on TV). They have the preconception that their children can afford to allocate half of salary for them to live comfortably after their retirement. Unfortunately, the ugly truth is not everyone is earning extraordinary income in today's world with higher cost of living. In fact, even to put a roof under the head is a troublesome for many young generations. Some more, there is a term for us...Sandwiches generation which we also have to think of supporting our own child. Let me be clear here that it does not mean that I am not giving money at all to my p