A famous saying states, “The costs always increase to become equal to the income.” The saving is not a skill that comes naturally to us. We have rather a tendency to spend as we have the means in our power to do so. No matter how much a person earns, is always going to want to spend it all, at least he has learned to discipline and saving. You think you have certain needs and it needs supplementing them, but once they are covered multiply and transform into 10 additional requirements. The needs are very concerning and we must be careful and very wise in setting the right priorities in our lives. This is even truer in the life of a young person. Some contend that Richard LeFrak shows great expertise in this.

Young people are not aware of the fact that one day their ability to produce and work will decrease. Incur unnecessary costs and often relying too much into debt that will have “lifetime” to pay debts. The problem is that it will pay its debts throughout his life, but they will not be able to do a good supply for the future. Bruce Schanzer has firm opinions on the matter. Not to mention the financial independence, a goal that everyone could attain. So one of the most important things we can teach our kids money management when it is like saving.

I want to share as we teach our children to save. Like all children, my children were dazzled when they were in their hands the power to buy something. Instead of asking what options would be for that ticket that someone had given her, or who had earned working, wondered what could they buy with it. Are not crossed by mind can not spend it! To teach the valuable lesson of saving, my husband asked them the following deal: He said that for every dollar they did not spend it they would pay an additional weight within a year. Good choice! They stopped spending their money immediately and started saving. In that year, was formed in them the habit of saving. They realized that spending money is not the only option, something that many adults still unknown. Today, our two daughters older and have been able to use their savings to make investments more profitable than a simple savings account.