1, 2, 3…and debt free!
Title sounds cool doesn’t it? At least I think it does and the matter ends there! Well, if only you could force your decisions on your teen in such a simple manner. Sadly, life isn’t so easy and we’ve got to inculcate values into them without ending up looking like dictators. One area where discipline is an absolute must is finance and you just cannot go slack with your teen on that front. Agreed, our’s is a generation that hasn’t seen much discipline on that front but that doesn’t mean we cannot teach our children how to handle their money. In the process, we may end up learning a few things about money management ourselves!
One of the most important things you can do is become a role model. You can lecture them until you are hoarse or you can lead by example. Agreed that debt is an integral part of life today and you cannot escape it. But the least you can do is try to stay out of debt as far as you possibly can. If you show your teen that money matters to you and that you are scrupulous with it, chances are, they will catch on fast.