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Teaching your children about the mysterious world of credit and debt

Do you worry about how well your children will manage debt? Never before has money been so abstract. With our reliance on internet banking, direct deposit of payroll cheques, and standing orders to pay bills via direct debit, it’s likely your children have no concept of how money actually changes hands. Banks are quickly doing away with the signature on charge cards, removing any obvious sign of personal responsibility of debt.

Read the full article in Money in Business.

Published 4 August 2014 at 8:30AM by Natalie Walker