I was in school for more than half my life. I have taken classes on biology, algebra, history, English etc. Out of all the classes I have taken in high school, college, & law school, not one of them has showed me how to balance a checkbook, or the basics of a bank account.
No matter where life takes us, or what direction we choose to follow, the one constant discord in most of our lives, is the way we handle money. Regardless of how educated or uneducated, the way we manage our money brings more discord than any other part of our lives. That is because we were left to figure that part out on our own.
If you want your children to get a head start in life, teach them how to handle money. Help them avoid the traps that we so easily fell into at the beginning of adulthood. Schools will not teach your kids how to get the best interest rate, or negotiate a home purchase, or shop for bargains, or even balance a checkbook. If we want better for our kids, teach them to avoid the mistakes that we made.
Open a bank account for your teenage son. Let your daughter sit with you as you pay the monthly bills. Financial responsibility is the biggest downfall in many of our homes. We must take a proactive approach to break the generational curse. If you want something different, do something different. Peace out!!
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