How many people have you met who have no idea of how to look after themselves? I was reading recently that most people under 35 don’t have basic DIY skills like changing the fuse on a plug, so I got to thinking about what parents should pass on to their kids. Some of these are practical skills, others are character traits. All are important and useful knowledge.
Photo Credit: miuenski
Many people leave home without the slightest idea of how to manage their money. When I was at university, it was not uncommon for students to spend their term’s loans in the first week, because they had no concept of making it last. The same thing happens when they move into their first flatshare and fun is more important than bills. So teach your kids about budgeting and you will be giving them an essential skill.