Why teaching kids about money is more important than ever
Growing up in the '80s and '90s, we never discussed money at home. My parents never discussed it with us, so I never knew how much a kilogram of rice or a dozen eggs cost. I also did not know how much we paid for rent or utility bills. I did not know how much our family earned and how much we spent each month. Of course, we do not want to sit with our children with a spreadsheet and give them a headache, but it is important to discuss money management with children as they get older. This knowledge will help them make more informed financial decisions as adults. The Daily Star link Discussing money is often considered taboo, not only in Bangladesh but also in many other parts of the world. However, financial literacy is crucial to our financial well-being, which is closely linked to our physical and psychological well-being. I have seen people, friends, and family make poor financial decisions and sink into debt. I have seen how credit cards resulted in excessive spending a...
