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 distinction matters.

Children can help because they are responsible members of a home. They can also learn that creating, serving, and solving problems can have economic value.

And then there is generosity. One of the best things a child can learn about money is that it is not meant to end with them. Saving is wise. Spending can be necessary. Giving should also have a place.

The Bible says, “It is more blessed to give than to receive.” That is not a financial formula; it is a reminder that a healthy relationship with money includes an open hand.

One lesson we should pass on is that money is a tool. It can help, build, serve, and provide, but it should never become the measure of a person's worth.

Challenge: This holiday, find one practical way for your child to earn, save, or give a small amount of money, and talk about what they learned from the experience.