Making smart money moves, one step at a time

The onus of bringing up in middle class family is that we able to learn many minute things about life. There were many practical experince that we get in our daily life. Learning about finances is one of the major things. Managing finances, making proper use of the money, adequate planning and budgeting all were taught to us pretty early in life. I have seen my Dad keeping a track of every penny while shopping. He was good at it. Sometimes I even ask him to let it go, but he made me learn that with every penny, he can afford a bicycle for me. Gradually I also learn about managing money in my own way, saving and then utilising them for right purpose in life rather than spending unnecessarily.

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I find myself to be a privileged one being born in the middle class family. Middle-class kids can learn about finance through a combination of practical life experiences, financial literacy education in schools, and guidance from parents. Middle-class parents often model budgeting behaviors, including grocery lists and budget diaries. Parents can involve kids in grocery shopping with a specific budget, helping them understand cost-effectiveness and unit pricing. Kids are encouraged to save cash gifts or piggy bank money, and parents may invest these funds for them.

When I grown up and met with few of the rich boy, I am surprised to know that they do not have any idea about shopping or bargaining tricks. They simply walkout to the store, and pay the price that the shopkeeper quote. They never bother to check the price tag or other product details. May be this how they were brought up in their childhood auite carefree and careless about spending money. After watching their poor budgeting and spending habits, I feel quite happy to learn the basic of financed pretty early in life.

In my opinion, there's no single "right" age to have financial understanding, but it's beneficial to start learning about money and financial concepts early in life. Somr of the experts recommend introducing basic money concepts around age 5 or 6. By the time children reach their teens, they can start managing small budgets and understanding more complex financial decisions. For college students, early financial education helps develop responsible money management skills.

In my case, I began to asked interest through elementary mathematics. Those math solving alwsys fascinated me. Slowly. It led me to make more open choices as far as finances were concerned. From saving and mindful spending to learningbthe tric of bargaining to making.use of discount whwre applicable. Learningbtye financial tricks always helps a kids to grow more maturely and help in managing the finances.

But rather than forcing these things into kids from childhood, let them to take interest. We can make them learn gradually, by putting them into shopping prsctices and then making them learn all the minute nuances. It is all about own interest of learning than forced way of learning.

In good faith - Peace!!

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