@not_for_sale2025 wrote:
Why would they need to learn about money management when most parents of the kids, teenagers and young adults pay for everything anyway. They really need to learn how to get off their backsides and get a life.
I think some basic information would be useful. For example, working out how interest rates work and how paying a little more on the principle will have a big effect on the total amount paid. Or even something as basic as how to save some money, choices on where to put it, how to open an account, different types of bank accounts etc
We assume some things are common knowledge but they aren't, always.
Parents are probably the biggest influencers though.
If children grow up in a household where no one saves or invests or where parents are constantly in debt or where there is no work ethic, then they could end up doing the same.
I can recall years ago, the teen son of a friend was talking about various share prices. He was only about 15 but quite familiar with buying/selling shares and he got that off his parents. He was of average intelligence and in fact a couple of years behind in reading comprehension but he is flying high now (literally) because of the training & support he got at home.
