History of Money in Nigeria

History of Money in Nigeria

The International Monetary Fund (IMF) has defined money as “a store of value, which means people can save it and use it later – smoothing their purchases over time,” or “a unit of account, that is, it provides a common base for prices,” and “a...
Raising Wealthy Kids

Raising Wealthy Kids

It’s World Teacher’s Day! A day to celebrate all teachers around you and also resolve to be the best influence to every child in every way so that the best in them can be expressed. To raise children who will be wealthy and also financially responsible you...
Should allowances be in exchange for chores?

Should allowances be in exchange for chores?

Allowances are a great tool that can help you teach your kids money management skills. A child that handles money tends to have a regular and hands-on opportunity to learn the basics of budgeting, saving, etc. Practice makes perfect they say. Giving an allowance in...
Piggy bank or bank account, which is better?

Piggy bank or bank account, which is better?

How do your kids children money? Do you use the piggy bank or a bank account? Physical currency is a wonderful and very real way to teach younger children about money. The fact that they can see it makes the lessons more at home. You can begin to use multiple “piggy...
Money and your words

Money and your words

Words are powerful. Often times we don’t stop to think about the exact meaning of what we are saying. After all most of the time we are too busy to analyze everything that comes out of our mouth. Can you imagine if we did have to stop to review each sentence! Yet,...
Money Lessons for every age I

Money Lessons for every age I

It’s surprising that our schools don’t teach children about money despite the fact that financial skills is very important when it comes to navigating life. As parents you need to take up this challenge to teach your child(ren) important financial lessons. I will use...