Untitled Document
 Have
you ever thought about the life of a prince or princess? They usually lead luxurious lives; They eat
nice food, wear nice clothes, and have nice cars with chauffeurs. It seems like
they don’t know the importance of money. But American President Barack
Obama thinks it is important to teach his two little princesses about
the importance of money. So he decided to teach his daughters how
to save money and spend it wisely.
Malia and Sasha live in White House and they are
leading comfortable lives. However, that does not mean that they don’t need
to learn the importance of money. President Obama said in a recent
TV interview that he would make his daughters work to earn their own
allowances just like ordinary American children.
 “I think
12-year-old Malia and 9-year-old Sasha are old enough to learn how
to manage their money,” President
Obama said. “They already have their own savings accounts. I’m teaching
them about savings, interest, and how to spend
their allowances wisely. They will also earn some money by doing babysitting
soon.”
America is still suffering from the dull economy and many Americans
are living in poverty. These days, many American
parents are teaching their children how to save money. A growing number of American
kids are encouraged to save money for college from early ages and the President’s
daughters are no exceptions to this rule.
President Obama said that parents should prepare for their retirement and teach their
children how to use their money wisely and save for the future. Let’s
hope Malia and Sasha will learn how to manage their money well through
their babysitting jobs and lessons from their father!
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