Comments on: Arm your Children with Financial Knowledge http://masteryourcard.com/blog/2008/05/15/why-children-need-to-be-armed-with-financial-knowledge/ The best Credit Card Debt Blog online Thu, 19 Aug 2010 13:50:31 -0400 http://wordpress.org/?v=abc hourly 1 By: Melissa http://masteryourcard.com/blog/2008/05/15/why-children-need-to-be-armed-with-financial-knowledge/comment-page-1/#comment-2097 Melissa Sun, 18 May 2008 14:04:59 +0000 http://masteryourcard.com/blog/2008/05/15/why-children-need-to-be-armed-with-financial-knowledge/#comment-2097 Good comment. It would be wonderful to have a culture in the US where saving 50% of income is the norm. Our kids will definitely need to be strong in order to withstand all the enticements to spend their money. It will be interesting to see what happens with the economy in the near future, and what our children will learn from it. Good comment. It would be wonderful to have a culture in the US where saving 50% of income is the norm. Our kids will definitely need to be strong in order to withstand all the enticements to spend their money. It will be interesting to see what happens with the economy in the near future, and what our children will learn from it.

]]> By: Curt http://masteryourcard.com/blog/2008/05/15/why-children-need-to-be-armed-with-financial-knowledge/comment-page-1/#comment-2071 Curt Fri, 16 May 2008 19:00:41 +0000 http://masteryourcard.com/blog/2008/05/15/why-children-need-to-be-armed-with-financial-knowledge/#comment-2071 Another excellent post. I'm trying to teach my kids to save their money, but it would be a lot easier in China - where the average family saves 50% of their income. Our culture is hard to teach kids the truth about money, because all day long they are taught by friends and markets ads that money is for one thing - spending. The coming recession will at least be good for one thing, helping me teach my kids about money. Their will be many examples of families that run out of money, which will teach my kids what not to do - and will back up what I have been saying. Another excellent post. I’m trying to teach my kids to save their money, but it would be a lot easier in China – where the average family saves 50% of their income. Our culture is hard to teach kids the truth about money, because all day long they are taught by friends and markets ads that money is for one thing – spending.

The coming recession will at least be good for one thing, helping me teach my kids about money. Their will be many examples of families that run out of money, which will teach my kids what not to do – and will back up what I have been saying.

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