Money – we all need it, and with the global downturn, we’re all after it even moreso!
But one of the corner stones of money management is never talked about in school and sometimes not even at home.
I remember my parents pouring over bills, but never once explaining the basic MONEY IN (salary/earnings) should be MORE than MONEY OUT (expenses). If it’s the other way around, you’re in BIG trouble and won’t last long.
How can you expect your kids to learn about personal finance, and savings if the parents can’t do a good job of it? Educate yourself. To this day, I’m still bad with money due to the bad habits I picked up and being spoiled as I grew up.