(a) Teach the child to live within his means instead of living on borrowed money;
(b) put aside a little of the income into a saving account;
(c) plan well for any big purchase, e.g. if a child wants to buy an expensive item, teach him to set a saving goal, say $10 per week, and wait till he has saved enough for the purchase.
(17) Learn to budget.
(18) Expense. Teach your child how to pay bill.
(a) Before making a purchase, always compare at least two stores the quality and price of the goods;
(b) Avoid waste of any forms;
(c) Avoid impulsive shopping;
(d) Eat home cooked meals whenever possible
(e) Avoid shopping sprees, especially during holiday season
(21) Debts. Teach your child the responsibility of a loan, how to avoid getting into unnecessary debts or getting deeply in debts. Learn how to use credit card.