Why is Money Management Skills important for kids and college students?
College/School Education is the most important investment everyone do in their lifetime. By managing your money how to spent on school/college education & how to spend on other stuff will keep students less worry about debt while choosing a career option at graduation level. School or college expenses include everything like tuition fee, books, transportation, Hobby classes, uniform, coaching, school trips & functions, etc. The cost of Education in India is increasing at a fast pace. Although Scholarship programmes reduce the burden to pay for schools but scholarships comes in different slots & usually have very strict criteria also remain unpaid several times. According to research, children by age 12, develop economic understanding & can take all money related decisions. Now its prime responsibility of Parents to develop smart money management skills within children when they are teenagers. Teaching kids about money management will have a huge impact on their ...