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Money should not be a barrier to giving your children the life they deserve. It is important to educate them about finances so they grow with the right knowledge needed to survive in the financial world.
Children’s first experience with money usually starts with math problems. If Toni could get one apple for N80, how many apples can he get for N400? Some of us might hate math, but we do enjoy counting money. Don’t leave everything to the school. Talk to your children about money, and let them know its value and what they can do with it.
Once you’ve educated your children about money and its functions, you can start giving them responsibilities. Start with chores, letting them know that money is to be earned. With their own money, they begin to make their own financial decisions. Whether they gain or lose serves as a lesson for them.
Children emulate what they see their parents doing. If you are responsible and spend your money wisely, your children will follow suit. For example, continuously saving money to make a big purchase teaches your children patience and instils good money habits in them.
While it is important to imbibe good money habits in your children, teaching them to take care of their health is also important. Let them know that living a healthy life gives them the opportunity to live long enough to enjoy their wealth. You can start by giving them one of the best gifts of all, good health insurance.
Financial Lessons to Teach Your Children
Money should not be a barrier to giving your children the life they deserve. It is important to educate them about finances so they grow with the right knowledge needed to survive in the financial world
Your Guide to Quick Funds with Aella
As a lending institution, we offer loans to individuals and businesses with the aim of granting credit access to the unbanked and underbanked. Whether the funds are for personal use or business use, you can be sure of a guaranteed loan in five minutes. The application process is simple:
Aella App: The Perfect Life Partner
As a young child, you looked forward to adulting. It always looked fun to you. You couldn’t wait to become independent, receive instructions from no one and take ‘charge’ of your life. But it’s not what you expected. You eventually find that the transition to adulthood can be challenging due to financial concerns, family obligations, and the realities of the day-to-day life of a working adult. It’s overwhelming! It hurts even more when you think about the economic status of the country and its influence in making things difficult around us. The rate of inflation makes things very expensive and the little you get to save does not seem to be acquiring enough interest. By the time savings targets are met, the prices of your wants or needs experience a rapid increase.