Parents urged to inculcate saving culture in children

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By Obadiah Oroko

Parents have been urged to encourage their children to embrace saving from a tender age.
The call was made by Gusii Mwalimu Sacco Chief Executive Officer (CEO), Charles Omwansa who added that it is important to teach them important life skills so they could grow into responsible citizens.
He challenged parents to be good role models to their children in matters especially in financial management.
“Creation of a good savings culture is necessary to enhance children’s chances of reaping dividends later in life,” he said.
Addressing the Sacco delegates during a one-day seminar in Kisii town, Omwansa encouraged parents to openly discuss and sustain positive dialogue about money ,since their children closely monitor their parents’ social habits and behaviours during their early years. “Parents need to teach their children that it takes time and hard work to earn money, hence the need for prudent spending and,”stated Omwansa, adding that the more open and engaged parents are with their children about life realities in managing money, the more they will be psychologically prepared for a financially secure future life.
Omwansa concurred with financial experts and scholars who argue that, lessons of money management are best learned when one is young.

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