'Life is more than settling debt': How to teach your kids the value of money and saving

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'Purposeful saving is a fantastic habit and this will form a big part of risk management when they are older'
'Purposeful saving is a fantastic habit and this will form a big part of risk management when they are older'

Like most children, my first introduction to finances was the humble piggy bank. I was told that if I put all my spare change in it, I would be able to save enough to buy something I really wanted.  

Though the idea of keeping money in a jar was lost on me, the idea that no money was insignificant, and that my meagre R1 and 50c coins could be accumulated to buy something of value, gave me something to look forward to and taught me the value of money.

When you introduce financial literacy to children from a young age, they tend to become more financially responsible adults and this is a priceless skill that can never be taken away from them.

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