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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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web stories
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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