Parents As Financial Coaches

It is important that at an early age parents start coaching there children on how to manage money wisely so that when they are older they  do  not go into debt.  The first step to teaching children to manage there money wisely is to learn how to manage your own budget see Stretching your Dollars budgeting basics provided by Credit Counselling.  Another resource is the Financial Footprints CD available from Financial Foundations Limited it is a great resource as it shows you how to budget using a spread sheet.