NIGERIA BEWARE, OUR CHILDREN HAVE TAKEN OVER!
to William Penn, “He who is taught to live upon little owes more to his
father’s wisdom than he who has a great deal left him does to his father’s
care”. Inculcating a good financial habit in a child is much more valuable than
leaving a great amount of wealth for the child. A good attitude towards money
and spending will help a child properly utilize the resources available to him.
While an undisciplined attitude towards money will result in wasteful living.
As a parent, the responsibility of teaching your children how to handle money,
save for the rainy day, refrain from impulse buying, control and not be
controlled by money, depends on the seeds you sow into their lives at an early
stage. You must therefore find simple ways to pass across the knowledge of
managing finances to your kids.
are some tips on how to train children on money matters:
Instill in your children that
happiness does not depend on what they want but on being contented with what
they have, no matter how little.
Never buy them things just because
they are bored or upset. Teach them to wait for at least 24 hours before buying
something they just saw and think they want. You will be surprised how often
they forget about it.
Inculcate a saving culture in them.
Money at hand must not always be exhausted. There should always be a reserve.
To this end, monetary gifts given or rewards from vacation jobs, etc, must not
be exhausted on recharge cards, snacks, drinks or other niceties, clothing etc.
This will make them frugal in money matters.
Teach your children early about
faithfulness to God in tithe and offering; take them through the Scriptures on
the need to give God the first fruits of their income and not remnants
(proverbs 3:9; Malachi 3:8, 10-12). Make them understand that the secret of
prosperity is in being rich towards God. However, it is necessary to make a
distinction between funds for specific purposes. For instance, tithes of school
fees, transportation fares, accommodation fees etc, are not required.
Teach your children early the habit of
giving. Create a healthy habit in this regard. They must be taught that while
it is good to give, they shouldn’t give out what is of necessity to them. Make
it clear to them that they can only share part, not all of their pocket money,
so as not to impoverish themselves while enriching others. Teach them to strike
the balance in giving. This will help a great deal in future and prevent spates
of emotional giving. It will also make them to know and experience firsthand
the joy of meeting others’ needs and the blessings of giving.
Teach your children early on how to
invest and make profit from what they have at hand. With their ages in mind,
teach them avenues of making legitimate money. They can engage in crafts such
as photography, telephone repairs, sales of recharge cards.
Encourage working teenager to
contribute to home expenses. They will grow up to be responsible adults, as
this will teach them how to share with their spouses later in life.
instruction to “Train up a child in the way he should go, and when he is old,
he will not depart from it” (Proverbs 22:6) is directly relevant to money
matters as well. Inculcate good financial habits into children and watch them
attain financial independence and live prosperous, debt free lives.
development as well as his overall well-being is very crucial. Right from the
day he is born to the time he becomes of age and leaves home, you must be
available to nourish, cherish, and nurture him. You must pay keen and specific
attention to every aspect of his life at every stage of his development, so
that he can grow into a responsible adult. The Bible counsels in Proverbs 22:6,
“Train up a child in the way he should
go: and when he is old, he will not depart from it”.
in your child at every stage of his life can lead o confusion, distortion and
disruption in his development.
the Preacher tells us, “There is time
for everything”. There is a time to teach, instruct, discipline, and guide
your child, and there is a time to allow him go and become his own man. If the
time you’re supposed to loosen the reins on him is the time you just start to
instruct and discipline him, then you’re either late in training him, or you’ve
neglected his training altogether. There’s not a more “convenient” or
“appropriate time” to train your child. A child passes through various
developmental stages, and as earlier mentioned, each stage requires keen and
specific training. The child can’t wait for you to be ready. He develops
rapidly from one stage to the other. You must keep pace with his development,
and at each stage, ensure you give him
the needed training; otherwise, other influences will mould his life and
character (Ecclesiastes 11:6).