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| Subject: Bad Money Habits You Don't Want Your Kids To Learn Fri Feb 05, 2016 3:13 am | |
| As the cost of living rises, the last thing you'd want your children to believe is that money grows on trees. But one of the many challenges parents face is how to teach children to respect money and, most importantly, to make sure they don’t pick up bad money habits from an early age.
If you have bad money habits yourself, such as piling up the debt on your credit card -- perhaps it’s time to change your habits, if only for fear that your kids will copy you. If your kids see you using your credit card time and time again, they will see this as something normal. Think about the benefits of letting your kids see you using cash and that, when that cash runs out, the shopping/spending stops.
Jen Bakker from MoneyBrilliant told Huffington Post Australia teaching your kids about credit card debt is one of the most important early money lessons.
http://www.huffingtonpost.com.au/2016/02/05/money-children-education_n_9083528.html?ncid=edlinkauhpmg00000001 |
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