Teach Children Financial Lessons: Goenka
Industrialist Harsh Goenka has suggested that children be made aware of the importance of saving from a young age. He stated that their income (pocket money) should be divided into three parts. He advised allocating one portion for savings/investments, a second for personal entertainment, and a third as a ‘Home Tax’ towards shared family goals. He expressed the view that this approach would foster a sense of responsibility and financial discipline in children.
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