A working mother named Smriti who had two children, a teenage son named Arnav and a 10-year-old daughter named Aarushi. Smriti wanted to ensure that her children learned the importance of financial responsibility and independence, even though she had a busy schedule.
One day, Smriti sat down with Arnav and Aarushi and explained to them the value of hard work and how it translated to financial independence. She encouraged them to explore different ways to earn money, whether it be through part-time jobs, freelancing or starting their own small business.
Arnav, being a teenager, was interested in making money and started doing odd jobs for his neighbors and friends. He saved the money he earned and invested a portion of it in a savings account. He also started learning about the stock market and started investing a small portion of his money there.
Aarushi, being a 10-year-old, was not old enough to start working, Smriti helped her to understand the importance of money by giving her small allowance for her expenses like buying stationary for school. She also encouraged her to save a portion of her allowance and invest it in a piggy bank.
Smriti also made sure that her children understood the importance of budgeting and saving. She helped them create a budget and encouraged them to stick to it. She also taught them how to prioritize their expenses and make smart financial decisions.
As the years passed, Arnav and Aarushi grew into financially responsible individuals. They were able to handle their finances well and make smart financial decisions. They were grateful to their mother for teaching them the importance of financial independence and responsibility at a young age.
The story of Smriti and her children shows that working parents can also instill financial responsibility in their children, even with a busy schedule. By encouraging children to earn their own money and teaching them about budgeting, saving and investing, parents can set them up for a financially secure future.