HELP YOUR CHILD AVOID FINANCIAL PITFALLS - Dan C Taylor - April 1983

Dan C Taylor

Does teaching good money habits really matter? How can you train your child to better manage his or her finances? In 1981, pollster Lester Rand of the Rand Youth Poll found that there has been a steady erosion of a simple but vital monetary habit called thrift: making one's money work its hardest. Says Mr. Rand: "Our young used to be told that a penny saved is a penny earned, and to save for a rainy day. That is not the pervading philosophy today. Young people in this country [the U.S.] are being raised to spend" (emphasis ours). - Information Supplied By: Herbert W Armstrong Library