Teach your children the concept of money

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Maybe our children been spoiled for while, or maybe they are living under luxury for too long. They don't have the concept of money saving. What if once their parents lose their jobs, what they gonna live through this hardship? Would they ever consider this situation once before? Somehow, we, as parents should teach our children this concept, and let them know that it won't be easy to get the money around under such economic downturn.