How to teach financial independence to your children
NO MORE Mortgage urges each parent to give serious consideration to the financial education of their children. The attached is a great set of suggestions for parents to help their teens take more financial responsibility. The websites in suggestion #1 seem especially helpful.
Your kids are heading back to school to dive into stuff like math, English, history, checkbook balancing. Oops, I guess you caught me day-dreaming with that last one.
But why shouldn’t kids learn the basics of practical money management? Isn’t that an essential part of growing up, even more so than, say, square roots? Shouldn’t they know how to deal responsibly with credit cards, how to tell the difference between term- and whole-life insurance, how mortgage amortization works, how to create a household budget?…..
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Filed under News, No More Mortgage by on Sep 1st, 2009. 
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