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Only 27% of Indian adults are savvy about money, says RBI. This can have long-term consequences on your kids

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By Team Lounge
Published Mar 27, 2023

Mint Lounge

Without financial education, children cannot build their lives in a meaningful way 

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Every child is going to grow up and handle money in big and small ways

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Money habits form early so teach your children key money skills when they are young

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Start by talking about money and how to manage it

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Teach them about delayed gratification, or controlling impulses and aiming for long-term goals 

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Setting long-term goals is the cornerstone of learning how to achieve financial goals

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Help them understand and identify risks and returns

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Equipping them with the right tools will help them achieve financial success and freedom

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