— This article was originally published in Straits Times, Singapore.
Most parents aspire that their children achieve more than they did. One such area should be better money management.
But how do parents ensure their kids turn out smarter in money management than they are? After all, many parents of our generation are found lacking in money management skills, while most schools do not teach basic money management either.
Ever since the Conservatives came to power in 2010, austerity has dominated the UK budget. It was a policy introduced to reduce the yawning budget deficit, which made the country vulnerable to attacks from the bond vigilantes.