One of the areas we need to focus on is financial literacy for children. It's pointless talking transformation if we're going to neglect arming youngsters with the knowledge they need to create wealth. This isn't to say financial literacy will fix everything, but it's an important aspect of the journey and shouldn't be overlooked. There are many ways to teach children - regardless of age - the value of healthy financial habits. Curb the spending: If your children get an allowance, be strict about the conditions of the allowance. Help them to build discipline. You can download 22seven - a spend-tracking app - and set goals together. The app will help them keep a close eye on their spending. They can use it to set goals. Every time they spend when they should be saving, they'll be able to see the real-time impact of not sticking to their plan. If your children are too young to navigate the 22seven app, sit with them once a month and go over their bank statement. If you're at the piggy...

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