It is my deep belief that if there is one thing the financial crisis is good for it is for giving the perfect opportunity for parents and children to have a discussion about it

For middle school aged children, it is a wonderful opportunity to begin to explain how credit works and the problems created by buying more than you can afford

very young children will understand that they cannot have the toy they want just now and why. As of the age of six or seven children are perfectly able to understand several implications of the crisis if they are explained in a way that is suitable for their age

Although this issue seems simple, parents know that it is not so easy to understand and fix it for children and teenagers. Now you can imagine that forming the habit of saving, which, unlike studying and not studying, shows its achievements not in the short term, but generally in the distant years of life.

Many of us have had the experience of selling services to our family as children. Maybe you took money from your parents to wash the dishes or clean the yard or arrange your clothes, or they sent you to the supermarket for shopping and gave you the rest of the money.

Spending money seems like a simple activity at first glance, but choosing what to spend and what not to spend on is not so simple. Even adults face this question constantly in their daily life.

At one time, having a government job was an advantage in courtships, and having a financial straitjacket for us anyway was considered a value. We have not gone far since then, and we still see this view sporadically in different parts of society.