Many parents try to get their child ready to become financially independent and mistakenly believe that a practical financial education is given in high school. Since personal money management isn't taught at most schools its up to parents and teachers to make sure their children are prepared.One of the reasons college students are notoriously 'broke' is that no one has really taught them how to deal with their finances, or reinforced positive spending habits. In this article, we'll go over some of the ways you can make sure that by the time your child needs to deal with his or her own money, they are ready to do so.Educating your child or student in certain areas is crucial when it comes to financial responsibility. Areas important to youth financial literacy include general knowledge of how the banking system, credit and debit cards, investments basics, the mental game of money and
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