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Teens must develop financial management skills

Proper way of money management is the essential part of the maintaining the financially healthy home, that is why all the family members (adults and teens) should know how to deal with money. There are some methods which can ensure that the family can become or still remain the stable financially. A good point to start is to discuss within the family who will be responsible for the financial aspect. It may be husband, wife or someone of parents. But is it so important to give the teenagers the proper example of how is better to manage with the finance. They will grow up and live separately, having their own families. That’s why it is so important for the teenagers to develop their financial management skills as earlier as possible. But, of course, it should be made under the control of responsible person from the family. It is better to choose the person who is good in banking, financial management, balancing a checkbook, taxes and etc. In some families parents are like the household team which deals with financial management and the teenager son or daughter helps them to deal with financial management learning how it possible to do better in a certain case.

Teens may understand that the money is needed to secure the future life while creating the comfortable and convenient conditions of daily lifestyle and just living. Teenagers should develop their skills because they must understand that they will have to divide earned money for the food, clothes, goods for house holding, future children, their needs and education. Let’s add to this list the money for travelling, rest, treatments and other resources. Unfortunately, children are not taught for this subject in any of the schools or universities. This is the experience which is got during the life. But still there are few financial managers who can give the theory and examples of similar situation. This is the reason why it is so important to be financially independent and know a lot about how to deal and manage own finance being adults.

And that is the main reason why children and teenagers must develop their skills of financial management from the time when they become older. Being taught from this time, teenagers can have the imagination about the true situation which concerns the financial side of the life. Teenagers must develop their skills to be successful and financially provided in the future, when they will have their own families and children.

Proper way of money management is the essential part of the maintaining the financially healthy home, that is why all the family members (adults and teens) should know how to deal with money. There are some methods which can ensure that the family can become or still remain the stable financially.

Assignment ID
100002655
Discipline
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CREATED ON
27 October 2016
COMPLETED ON
28 October 2016
Price
$44
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