When parents and teenagers talk about money, it is frequently about how much mom and dad are willing to give them. many parent intend to teach their children the skills necessary to distributes

personal finance , but they rarely explain how to write checks , handle credit cards, or save for the future . As a result , many young people spend more money than they should and fall into debt . In fact personal finance is rarely talked about at home , rivaling only sex and drugs as the least discussed subject between teens and their parents , according to the InCharge Institute of America , a national nonprofit organization master information about personal finance education . 

Parents can assist their children by talking about personal finance before their children go to university . The first step in learning   to mange money is communication between people who exchange thoughts and analyze a financial plan . That's why they call it personal finance .