Credit to @mmwithnimi
: Did you know that research suggests that money habits are developed from as early as 7 years old?! Given how important financial skills are to navigating life, it irks me that our #schools
don’t teach #children
Parents thus have a primary #role
to play in introducing important financial concepts; you do your children a disservice if you don't.
To raise money-savvy children, involve them as you plan your basic household #budget.
is a good way to introduce #budgeting
Encourage them to #earn
from vacation #jobs
and to divide their income into four tiers:
Take them to the supermarket with you and involve them in your #choices
early in their lives. Children can donate their outgrown #toys, #books
and as they get older, can volunteer, giving of their time and talent.
By guiding them through these concepts, you will be laying a solid foundation for their developing a responsible attitude towards #money;
this can have a huge impact on their future prospects.
Above all, remember to practice what you preach. You are their role model. They are watching you!
I hope you are planning to attend the Children's Finance Fair as follows:
Sat 27th May 2017
LAGOS PREP SCHOOL,
36-40 Glover Rd, Ikoyi.
I will be on @Rhythm93.7FM
this morning to talk about raising financially responsible children. Do tune in. Rhythm 93.7FM.
@lagosmums @mumentrepreneursnetworkng @kidentrepreneurs #nimisnuggets