At What Age Should Our Children Learn About Debts?

To be sincere, my parents did mot explain to me anything concerning debts during my childhood. I never learnt this in school either. Little did i know how this could affect my life until i enrolled in college where i became a border. The fact that i was raised from a poor background, i was to strain with the little money my parents could afford till the end of term. This became very hard for me and i always had arguments with my parents since i hardly new how to manage money.

To make the matters even worse, i always finished my pocket money within the first month of the term. This forced me to borrow money from friends and return later. Due to stress, i performed very bad and it became very hard to get a well paying job. Every business i started could not last long due to poor management. Thanks to the Christian counselors in our catholic church who offered free counseling which was of great help in my life.

As of now, am doing well and taking my free time teaching my three children about debts. We normally sit down with them and believe it or not, life has become easy since they are able to cope with life even when our financial situation is not well. My first born daughter is in her first year in a boarding high school and already using her free time counseling her fellow students on how to manage money and, they have really improved in expenditure.

You will all agree with me to, kindly teach our little angles about debts when they are still young. This will not only help our kids but, the whole society at large. Remember we are growing old and our children will be the parents of tomorrow. It is how we have brought them up that will make them responsible and important people in future.