Importance of saving while young

It is very important right now to educate the young generation on the financial planning subject especially to the high school students and college students. During this time, their parents tend to give weekly allowance and usually in large amount. They tend to use the money to buy something to eat during school and for entertainment purpose such as buying magazine, games, going to cinema and cyber cafe. Usually during the end of the week, there will be no money left as they spend all money to do all things that stated above.

During this time, they did not know the importance of having a saving because they rather have fun first before thinking of the future. This must be change to prevent them making financial mistake when they getting older. Parents must encourage their children to save their money by opening a unit trust account for them and tell them the benefit of having a saving for themselves.

The earlier u save, the better your future.