Financial literacy and starting early.

Money is a taboo subject. We are never supposed to talk about it. It is supposedly rude to ask how much people earn, spend or even save.

Well like anything, if we do not understand, we cannot appreciate.

These parents take a really good approach to money. They draw out a months salary in dollar bills and then allocate the money to the various bills that will need paying such as groceries, rent, utilities, car etc etc. This lesson allows their children to understand where the money goes and are therefore mindful when wanting something. A great lesson in budgeting and opportunity cost. Article

Credit Scores

Whether you are applying for a loan, trying to buy that car using finance, renting an apartment or using a store card, the most important thing going for you is your Credit Score. This is the first thing that is checked to see whether you have the tendency to pay your bills. If you have a history of not paying bills, would you let someone buy something off you on credit, knowing that there is a chance that you might not get your money back? There are ways to build your credit score up, but unfortunately you can lower your credit score just as easy. Read the following article.