Making Cents on MetroFM – 2020.06.16

The importance of financial education for kids

Mary J was invited by SPHEctacula and DJ Naves to share her views on the topic of how financial education of our kids is increasingly important.

It is becoming essential for the average family trying to decide how to balance its budget, buy a home, fund the children’s education and ensure an income when the parents retire. Of course people have always been responsible for managing their own finances on a day to day basis but recent developments have made financial education and awareness increasingly important for financial well-being.

Questions explored included:

  • How important is it to start financial education early?
  • Is there an age when parents should consider teaching their children about money?
  • What kinds of lessons can be used to do this?
  • How important is it to also include credit in financial education?

Listen below.

Related Articles

Financial Security and a Journey to Freedom for all South Africans

We believe that we, and you, and every South African, have the right to be mentally, emotionally, spiritually, physically and financially free. We believe in nurturing connection with ourselves, each other, our community and a higher power. We believe in contributing something of value that will change the lives of other South African’s and, as a result, the world in some way..

Dimensions of Financial Wellness

Money is something that we are in a relationship with. For many, especially during the current economic climate, financial problems are stressful and can often arise unexpectedly, causing mental health issues. These mental health issues can then have a huge effect on how people behave with their money, potentially creating a vicious cycle. Financial planners now see the value in upskilling themselves to be better at working with the psychological aspect of money and not just the numbers.