Parents, listen up. There’s a critical role you play in your child’s life, and it’s not just that of providing a roof over their head, a loving home environment, clothes, meals, healthcare, schooling and much of life’s other necessities. You may be in denial, but your child’s financial education is largely your responsibility, too.
School market days teach and inspire the principle of entrepreneurship, but there is less of a focus on money-handling behaviour. The earlier you start talking to your children about money, the more likely they are to develop good money habits that will stand them in good stead for the rest of their lives, says Stian de Witt, executive head of financial planning at NMG Benefits.
Now, while the year is still young, take the opportunity to…
