How to Deal With Youngsters Who Are Terrible With Money
Explain the Importance of Emergency Fund
As a parent you will be happy to see your kid is back on his feet and well established. But when your kid starts a family life, I am sure you would want to dip into your retirement savings to manage the expenses. Therefore encourage your kid to start an emergency fund. Most experts agree that you should keep between three and six months worth of your living expenses set aside in your emergency fund. If you're your kid currently doesn't have an emergency fund or finds it difficult to save money the key is to start small.
