Raising children in the 21st century is truly an uphill task; and raising children in the urban cities is a serious challenge. Urban cities have very unique challenges. One classic example is the alluring nature of readily available leisure activities and many parents unconsciously, have programmed their children, at an early age, to think pleasure and consumption.
It is no wonder then that children are now growing up feeling entitled to certain things and they even demand for them. They want to be taken out to swimming galas, movie theatres, amusement parks, eatery places to mention only a few. They don’t seem to understand that these things cost money.
It is negligent for any parent not to properly educate his or her children on how the world really works; that money is a harvest of our production. Many children have been indoctrinated by their parents to a life of ease and the idea of creating and producing money is really a strange concept to them.
It is incumbent upon us parents to inculcate in our children the basic financial skills. Children should be taught right from home how to practically manage finances and how to make money on their own.
The worst thing that parents can do, and it is unfortunate that many do, is to paralyze their children’s creativity by preventing them from doing something that teaches them how to work towards achieving something.
In this week’s edition of Teens’ campus, Kigwa Stephen will be teaching the teenagers practical money management skills to help them become mental adults in their conceptualization of money and how to earn it.