Youngsters ‘need money management skills’

Money management should be taught in schools in an effort to prepare youngsters adequately for later life.

This is the opinion of Vivi Friedgut, a …

Money management should be taught in schools in an effort to prepare youngsters adequately for later life.

This is the opinion of Vivi Friedgut, a former private banker turned financial coach, who has written a book called Money Smarter, which seeks to help families become confident when dealing with their cash.

Speaking to the Yorkshire Post, she stated people should be "making a new year's resolution to be more careful with money", as this could help them to avoid problems throughout 2013.

Ms Friedgut also thinks the only way to properly prepare youngsters for the financial world is to drill the ideas into them from an early age.

She encourages families to have open and frank discussions about finances at home so that their children can develop an appreciation of how the financial world operates.

If people do not bring their situation under control, then they will eventually have to seek debt help.

By Joe White

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