Best Age to introduce your child to money

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The holy book states "Money is a protection" same holy book states " The root of all evil is money". It might sound contradictory but proper examination of these statements will make one to understand that the two statements are complements. Money is a very important commodity that is a must use by everyone. Money can help one to get the needed things but if likeness for money is not properly controlled it can cause even a sane man to be seemingly mad.

Every parent has the responsibility to train their children with the right orientation about money, so that it can be a protection rather than a bag of trouble. Let me tell you my story. I'm the firstborn of 3 boys and I used to take my younger ones to school. My mum always made sure that every money in my possession was monitored and we'll accounted for.

I used to collect money for transport because our school was far and sometimes little money to add to the food we carry from home to school. My mum taught me the culture of savings even from the little money I was receiving, she made sure that my savings was recorded and at the end of the month she makes sure it hadn't been tampered with.

I was 11 years old and in SS1 class when I was exposed to money and saving culture. The things I was taught stuck with me and helped me to realize that though money is meant for spending it shouldn't be done lavishly or on worthless things and it is very important to keep something for the rainy days.

In my opinion there is no particular age for a child to start handling money, it all depends on the parents and which approach they deem best to train their children on the use of money. A child should have started developing or showing signs of maturity before being introduced to money.

A child of 11 could be more mature than that of 15 or probably 17 years old. When values concerning money are properly inculcated, the child will grow up to be financially responsible one who knows how to properly manage finances no matter how big or small.

Due to the values that were instilled in me, I was able to save up some money to get some items for university. These days children tend to be more smarter than before at a tender age, so it is vital to start introducing money talks early enough before they fall into wrong hands with deceptive orientation about life.

Many irresponsible adults with poor financial abilities and saving culture are as a result of the terrible job done by their parents in raising them and instilling excellent principles.

Today the cause of many relationship is the lack of financial discipline and mismanagement of funds especially for the female gender who are a little privileged in the society and considered weaker. For me money is a protection and parents should strive to help their children to see it as such not just as something for evil.

Proper training about money will help us to properly manage life's realities and problems as long as the child yield to such advice and training from his parents.

Every child is different and mature at different pace so the parent will be in the best position to determine when and to educate their children on how best to deal with finances.