Money training for young adults: How can parents teach their young children about the value of money?

A friend’s college-going son had come home for a week’s break. In those five days, he experienced every manner of indulgence. He was fed food that he liked; he was taken to shop, eat and watch films; he returned laden with gifts, and he got a new smartphone, while his dad took the older one. “We cannot think in terms of money all the time,” my friend told me. “Why not?” I asked her. “Money makes us very narrow minded and stingy. It comes in the way of our love and care for our own people,” she e .. 

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