It Benefits Both Parties
Your child may grow up to be financially dependent on you if you do not teach them valuable financial lessons early. Many older parents find themselves still footing the bills for their adult children later in life. The child never learned the importance of financial management and thus does not know what to do. While costly disasters can happen from time to time, consistently calling your parents to help you when you're in debt hurts all parties involved. Teaching your child early can help you avoid this problem later in life.
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