#Financial #Literacy begins at home.
Teach your children to save coins, and small notes, inside a locker, or some other toy which imitates a treasure chest.
Once they do that, they will be careful with spending and saving for the rest of their lives.
Awareness matters!
Teach your children to save coins, and small notes, inside a locker, or some other toy which imitates a treasure chest.
Once they do that, they will be careful with spending and saving for the rest of their lives.
Awareness matters!
When I was a kid, I remember banks visiting my school to open student #savings accounts.
They used to give students #passbooks, which operated as cheque books.
Parents were cosignatories.
That is how I developed a passion for saving money.
They used to give students #passbooks, which operated as cheque books.
Parents were cosignatories.
That is how I developed a passion for saving money.
Most of the developing economies fail to grow well because they have a savings crisis!
They need to import #capital from overseas to fund development projects and fix the gap between investment resources.
SE- Asian Nations have done well because of a high domestic #savings rate.
They need to import #capital from overseas to fund development projects and fix the gap between investment resources.
SE- Asian Nations have done well because of a high domestic #savings rate.
of course, the #Paradox of #Thrift is different.
#Japan #saves more because of not just economic but also distinct #demographic and cultural characteristics, which cannot be argued over this forum due to words constraint.
#Japan #saves more because of not just economic but also distinct #demographic and cultural characteristics, which cannot be argued over this forum due to words constraint.
forbes.com/2009/02/16/spe…
This is from the @Forbes Archives Section.
Explains POT in the context of #Japan.
That does not mean you should not be saving ;)
This is from the @Forbes Archives Section.
Explains POT in the context of #Japan.
That does not mean you should not be saving ;)
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