Browsing: Piggy banks

Money management skills do not come easy and teaching about money at home could start with small steps such as introducing piggy banks. www.theexchange.africa

Money management skills for children and what adults can learn

Money Deals
  • Society today does not offer children the much-needed knowledge about the proper usefulness or value of money
  • Personal finance more often than not is not discussed at the family level
  • Teaching about money at home could start from small steps such as introducing piggy banks

Money management skills do not come easy and growing up, sometimes I earned some money for doing household chores or as gifts.

When this happened, I would save the money to buy personal gifts for myself as well as for my siblings. Sometimes, mum borrowed this money to buy ‘some things’ we needed in the house and promised to return it. She rarely did.

I love my mother, don’t get me wrong. But at the time, children were not really allowed to have a lot of money – just enough to buy sweets and a few gift items, at least in my house.

One thing …