The Bank Of Mum And Dad

Monday, July 11, 2016

Mary says to her daughter: “sorry sweetie, I can’t buy you that toy now – we’ve got no money left till payday”. Lebo, her four-year-old daughter replies “Just go to the ATM machine Mum! The machine always gives you money - you just have to put your card in the wall.”

How simple this process seems to a young child. Lebo does not understand what is really happening (and at her age who can blame her!) At some stage though, it is imperative that we teach our children the basics of money.

A child’s-eye view

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