Five Things Your Children Should Know About Money
Dr. Nnenna Otum-Mba, author
Kids absorb information like sponges. We start off showing kids alphabets and letter sounds with the goal of them being able to read. In the same light, as soon as children are aware of what money is and that the tooth fairy exists to put money under their pillows, we need to start educating them early on how to manage money with the goal that they would be able to make smart financial decisions as they grow into young adults. There are too many cases of adults coming into millions of dollars and squandering them simply because they were not educated on finances from an early age. Train children the way they should go, and when they are older, they will not depart from it.