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What are the main money lessons you need to teach your kids in 2021?
By Opinion
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Kenosi Magosha, Head: Client Solutions Savings, says that children’s rights include the right to health and financial freedom. “The foundations for becoming a healthy adult – physically, emotionally and financially – are laid during childhood, often by observing our parents’ behaviour. Research shows that many children’s money habits like self-monitoring, are developed as early as 7 years old. By teaching your children about financial literacy from a young age, you give them a head start and a better chance of having a healthy relationship with money later on in life which can also benefit their psychological health,” she explains.
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