Of all the skills you give your children, budgeting is one of the most important ones. Being able to budget is essential to make sure you can pay your rent, cover the bills and eat every day, and it's also vital to saving for events such as holidays or weddings. Many teenagers grow up without much knowledge of the value of money - it's very difficult to teach this until your child begins paying for things themselves. One of the most effective ways involves collecting together bills, bank statements and wage slips, and talking your child through how much everything costs. While you might be … [Read more...]