Teaching your children how money works is one of the most important life lessons you can give them, it goes beyond the benefits of naira or dollar. Children that learn the art of wealth creation early have been known to be financially responsible, have leadership qualities, are self-disciplined, philanthropic, emphatic towards others, appreciate delayed gratification, and are quick to forgive. Show by example; remember children learn more from watching you. Not the money you gave them, let them pay from the money they saved or the money they were gifted. If you do have money to pay, let them also know how much you had to sacrifice to put the money together.

Source: Nigerian Tribune June 25, 2022 14:45 UTC