If you do not teach your children how to manage their money properly you are setting them up to fail. We are inundated with advertising messages geared towards instant gratification daily and the thought of patiently saving for that dream item seems out of reach for most. According to Sophie Elsworth one way to teach our children how to save is to open a savings account for them early on and then to regularly deposit money into it, this will slowly grow to a sizeable amount by the time they can access it.
“There’s a lot we can do now to get him started and the cost of living is so high and real estate is so difficult to get into at the moment so if we can start early it will give him a headstart.”
Another way to teach our children to save is to get them involved in the process. You can work towards a shared goal to which everyone has to contribute.[Tweet “Teach Kids to Save From a Young Age”]
Try our Loan calculator to decide whether or not the Cigno service is right for you.
To apply, simply complete our quick and easy online application and send us a bank statement. If you prefer give us a call on 1300 88 23 24 and one of our friendly staff will be happy to help.
All applications are considered and we do our very best to find a suitable solution to your needs.
Short-term Cash Advance solutions to get to your next payday.
Receive up to $1000 in your account Today with manageable repayment options, contact us: https://cignoloans.com.au/how-it-works/
Read the original source article here: news.com.au/finance