Growing up, Mum always said, "Learn to save when you have little money." Now, isn't that learning about financial literacy? So at every point in time when I had little money I would ensure to give it to my mother since I didn't have a commercial bank account my wonderful mother at the other hand would safeguard the money for me but when it was time to withdraw my savings it wouldn't be released to me because my mother would use certain words to cover up just like an "African parent" would do.
Despite not being able to withdraw my savings from my mother, I still learned how to save money without squandering it like the rich kid that I'm not. Now, did that saving habit grow with me? You might be wondering.
I feel like managing our finances isn't something that can be learned once "it is a continuous learning process" and understood to the fullest because I've been faced with the responsibility of managing my finances, and often when I set those financial goals, I try my best to stay on them without deviating.
You would see me stand my ground like a rock that won't be moved easily, but then sometimes, with just a little push "I am moved." I moved from that spot I've always been to somewhere entirely different, deviating from my financial goals and feeling a little level proud dancing through my veins.
I know even with the world today, certain people don't understand how to manage their finances. "I know someone like that" he spends the money as it comes, forgetting the fact that with his kind of job, the money doesn't come frequently like those who are into the 9-5 category.
Because he feels anytime the money comes it hits big, so he isn't bothered about his spending nature. But then, life isn't always full of roses, right? Things became a little bit difficult, and he started complaining about his spending habits and how he hadn't been making any reasonable financial decisions with his finances.
Financial literacy should begin for everyone at a very early age. My reasons for saying that, I've heard several people sharing their stories of how they started seeing money at a very early age but couldn't do something tangible with the money and their reasons being that "they were young" and lacked the understanding of money.
I don't think there should be an age bracket to it, though, because with the world today, even a toddler needs to understand how finances work "joking". I don't believe in attaching an age factor to when someone needs to know about financial literacy; the moment a child starts talking and knows that money is used to purchase things, "that is the time".
In the beginning, it won't be easy but then with time it will become easy, and when the child starts making money even at a very early age he won't lavish the money and come back regretting rather that child would know what to do with money at every point and regret won't become the order of the day.
Financial Literacy is very important in the life of every human walking on the face of the earth; it helps humans understand and effectively use various financial skills like budgeting, saving, and investing.
Thanks for reading 🧡
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