The Bank of Mum & Dad

Piggy Bank
Piggy Bank

Children of today seem comfortable with asking the parents for money – even well into their 20s! When they first leave home, we know that we, the parents, are often expected to help them out with cash injections.

In effect, their newfound independence is an illusion - they are still dependent on the Bank of Mum and Dad.

Today we’ll share some tips and skills that you as a parent should start to introduce to your children in the safe environment of “Under your Wing”. That way they’ve got a more secure (and successful) future when they become independent as adults.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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