CHILDREN AND FINANCE
A s a parent or guardian - including aunt, uncle, neighbour, we know the responsibilities and commitment that comes with caring for children, especially the financial aspect of it. How then do we ensure children -in their child-like state- are trained to be financially-aware? Children, by nature, are spenders. And that is why adults should be there to guide them to reduce such spending habits. While we would want for our young ones to enjoy the finer things of life, we need to guide them on being financially responsible. Nobody would like to hear about their child using his or her tuition fee to buy a new pair of shoes or wig, instead. Financial literacy is a key lesson all parents should give their children, as this will likely impact their wellbeing (in adulthood). Getting Your Child Started on Financial Literacy Once you have helped your child to identify money -cash, receipt, card or electronic transfer- help them understand the need for saving. Usually, when children see their par
