“Saving to Build Wealth”, as the saying goes. But when we are young and single temptation to waste the money prevails over saving them. Schools teach us to be wiser, intelligent and good human beings. I am not sure if anywhere in this world the school system teaches how to be wiser with money. I was never taught how to best manage my finances responsibly.
Glad to present you another article on basic of financial management. Long time back I wrote about managing your money like a shepherd, which gave me immense pleasure. They I did a series of posts to state the importance of teaching monetary skills to your children. It is so much important these days when we have decreasing savings rate and growing instability in the financial market.