Fictional Character Fictional Life - Caleb Combs

Money management is a skill that every person should possess and be able to pass on to their children.  Learning how to manage money is essential to success in life, as it will shape your future.  Everyone should at least possess the basic techniques for managing their money.  One big one is to set aside a separate bank account that is designated as an "emergency fund."  In the event of emergency, it is important to have a supply of money to provide for the family.  Another useful technique is to put money in a "sinking fund" when hoping to make a large purchase.  Avoid taking out mortgage on your home, or taking loans from the bank.  This is an ineffective way to manage your money.  Finally, avoid spending money on recreational items excessively.  The spending of money on things such as fast food would be better spent elsewhere.  The life of Walter White would certainly be a great one, with millions of dollars and nothing to lose.