HOLIDAYS: MONEY LESSONS START AT HOME (2)
When we talk about teaching children about money, we often focus on spending and saving. And of course, they matter. But financial wisdom is bigger than having a piggy bank or knowing how to make change. Children also need to learn about contentment, generosity, and work. A child who saves every naira but never learns to give may become financially disciplined but emotionally closed. A child who is constantly given money without understanding effort may grow up believing that money simply appears whenever it is needed. And a child who is taught only to “make money” may never learn to ask what money is for. This is where we need balanced judgement as parents. Not every chore should be turned into paid work. Children should contribute to family life because they belong to the family, not because every responsibility attracts a reward. At the same time, it is reasonable for children to learn that effort can create value and that useful skills can sometimes earn income. The distinctio...