We are not self-sufficient from a young age because our parents do earn and we rely on them for small things, but this does not preclude us from learning about money.
Even if you are not working for your parents, you can still gain financial knowledge for the time when you start working.
And if you work or receive pocket money from your parents, you should definitely have this financial knowledge in order to have a secure financial future.
Covid has taught us that not everything in our lives is permanent, and that anything can happen at any time, and that all of the pressure falls on people who are earning.
Importance of money
Knowing the value of money in our lives is made easier by having financial knowledge. We have no control over our emotions and thoughts when we are young, and we want everything we see.
Money is used to accomplish everything and anything in this world. There is an old adage that money cannot buy happiness. While money cannot buy happiness, it can certainly help us live a stress-free life.
So, if you are a parent, you should teach your children about the value of money and how it affects our lives because our entire lives revolve around it and we devote so much of our time to it.
Desires versus our needs
The importance of finance and money at a young age was simply understanding what we really needed in life to live and what our wants and desires were.
This distinction is critical in our lives because we have no control over our thoughts, and they are easily swayed by materialistic things around us.
As a result, we may end up spending more money than we should because we have no idea what we need or want.
Importance of saving money
Saving money is the same as saving our lives for the future. If children are taught the value of saving money at a young age, it can be the most beneficial knowledge they will ever have.
They will have to live for themselves as they grow older, and they will need to save money to fulfil their dreams and desires, as well as their basic needs.
Aside from that, health-care facilities are far more expensive than we realise, and even a minor illness can leave a hole in one’s wallet. We won’t have any problems if we already have money set aside for all of these things.
