Ambareen Musa, Founder and CEO of Souqalmal.com, expresses her insights and views on the importance of raising a financially disciplined generation.
It’s important to teach your kids that money is finite and it takes time and effort to earn it
We’re living in a world of hyper-consumerism and financial discipline is quickly becoming a rare quality. How then are we supposed to avoid raising entitled children, who don’t know the first thing about financial responsibility?
What is the best way to teach your kids the value of money? Should you sit down for a lecture on money, or look for opportune moments to teach them real life financial lessons? The Souqalmal.com team helps you figure out which lessons to prioritize and how to make sure these stay etched in your kids’ minds.
‘Stuff’ costs money and money doesn’t grow on trees
It’s important to teach your kids that money is finite and it takes time and effort to earn it. Especially if you have younger kids, it’s best to start talking to them about money from an early age. Give your own example to show how you have to work X number of days to earn Y amount of money…
For full article go to Khaleej Times