Signs That You Are Sending Bad Financial Messages To Your Kids

My wife and I have started homeschooling our 4-year old daughter this school year (Update: She’s already finishing her 4th Grade this summer 2020, amidst the COVID19 pandemic).

I personally know some friends who have been homeschooling their kids and it’s just amazing to see how strong their family bondings are because of this method of teaching and learning.

One more reason why we want to homeschool our daughter is because we believe that personal finance is one of the least taught subjects in the Philippines (and elsewhere). Money is a very important subject for a child to learn and bring the knowledge along until he/she becomes an adult. And since my wife and I are both staunch advocates of financial literacy, we thought why not teach our child about money ourselves.

Through the homeschooling system, parents like us won’t have to spend so much time giving lectures to our children. We just have to show them how we value money in our everyday lives. Continue reading Signs That You Are Sending Bad Financial Messages To Your Kids

How Do You Teach Your Kids About Saving Money?

It’s in the culture of Filipino elders to give money to children during Christmas as gift. Children (and parents) then use this money to spend on anything that they want as something new to have for Christmas and the New Year.

But while this tradition should continue, parents and godparents should also teach children to save money that they receive.

It is good to spend, but it’s better for them to learn the value and benefits of saving money. Continue reading How Do You Teach Your Kids About Saving Money?