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ATLANTA, March 18, 2013 /PRNewswire-USNewswire/ -- Crown CEO Chuck Bentley said that the nation's education deficit in personal money management is a crisis that is affecting the next generation. "Well over half of Americans live without the benefit of a household budget, and one out of five of us admit we have no clue how much we spend on such things as housing, food and entertainment," observed Bentley in a national column.
Part of the problem is that parents don't realize how important their role is in training their children in money management. The National Foundation for Credit Counseling's 2012 Financial Literacy Survey recently revealed that 44 percent of Americans learned the most about personal finance from their parents.
"Clearly, the ability to handle money wisely is one of the most important lessons you can pass along to your children," said Bentley.
After more than 35 years of training individuals and businesses in sound financial practices that both establish a strong economic foundation and develop patterns of giving back to the community, Crown has developed a number of tools to accomplish financial education.
But Bentley notes that there are five key principles that every parent should communicate to their children. They are:
"Teaching these five lessons to your children isn't easy and requires persistence, patience and love on your part, but no child should enter adulthood without them," said Bentley.
For more information on how to educate your children on money, click here.
Crown, a non-profit, helps people and businesses integrate their values into business practices, debt reduction, and financial decision-making. For more than 35 years, Crown has been offering economic analysis and advice based on timeless truths. Theirs is a strong, international grassroots organization with offices in the U.S. and overseas. Crown experts work one on one with individuals and business leaders, as well as through workshops and seminars, teaching people how to build on a strong foundation that includes the business principles and practices found in the Bible. It is well known for its cutting edge materials first developed by its founder, the late Larry Burkett. For more information, go to www.crown.org or call 800-722-1976.
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