What is saving culture?
A savings culture is the act of developing a habit of saving. To build a savings culture one needs to first understand that saving is not done because one has enough money but because you are willing to forego you current wants for a greater calling or future goals.
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A saving culture should inculcated in
the children at the early stage. When the children are being thought how to save it will go a long way to help them when they grow up.
I remember when I was small my mum bought me a saving box and when a visitor or anybody gives us money then , we are always eager to save the money and at the end of the year before Christmas , the money will be taken out and will be used to buy different things for us like wristwatch. Now when such things are bought we won’t want to miss or spend the money given to us so as to make us save because at the end the money will be used to buy many things for us.
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The parents have a great work and assignment to do in teaching the children and young ones how to save money and such children are been taken early, to save the money in the future won’t be too hard to do.
Teaching the children to saving makes them to be prudent with their money and not spent all the money on them.
Bottom line: Definitely it is good to catch the children young with saving so as to help them in the future so as to prudent and wise with saving and not spend on unnecessary things.
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