money management skillsLearning to manage money is one of the key aspects of adult life
Budgeting finance is obviously something people must know well to maintain a stable life. To have ability to manage money, people can not learn a day or two but for a long time. In this essay, I will discuss two ways in which people can learn to control their budget of money.
The first one is starting to learn how to earn and spend money from the early age. Parents should be good examples for their kids to follow. Children may notice of how their parents spend and save money. By giving children allowance, parents teach them how to make financial decisions. Some people say that it is not good to let children use money but I think a child well-equipped with financial management skills will be able to deal with money challenges in the future.
Another way is teaching children to earn money when they are still students. Nowadays, many children have their own budget which is earned on their own. Although the money they have is not a great deal, it is enough for their necessity. These kids not only don't have to depend on their parents but also have ability to budget their finances effectively. Some of my friends can earn money from the early and they can buy anything they want without asked their parents for money.
To conclude, earing money and budgeting finances are not easy tasks but they are important to anyone's life and it is clear that people can build up skills for managing money since they are still children.