Personal finance for kids

Room for Dessert at SM Seaside

It’s been really hectic for me as I navigate through a new workplace and a new job but Christmas isn’t lost on me!

For our annual visit to a children’s home this Christmas season, my frugal mom, who is multi-skilled and multi-talented, opted to do a short talk on saving money for kids. As per usual, we started with giving out some food and drinks and then started the talk.

Frugal mom’s presentation was mostly just the math of how setting aside just 20% of any money you receive has the potential to grow with time in concrete numbers. At first we felt a lukewarm response from the kids, who as young as 9 years old, I didn’t expect to care about money yet.

However, as we started illustrating with their actual money on hand, (you’d be surprised, people give out cash as Christmas gifts to orphan kids during the holidays), we felt their enthusiasm. The kids were actually surprised how one peso could grow in 30 days, a month, a year or even once they turn 18! And we didn’t even touch on compounding interest yet, which I felt would be too complicated for kids at this time, maybe next year.


It was immensely satisfying to see the kids learn something useful. In the Philippines, personal finance isn’t part of the basic courses in elementary, high school, nor even college. I learned personal finance basics from my parents, but not all parents teach their children that, most especially these kids who are without parents/ have been abandoned / abused. What many find as basic i.e save for a rainy day, these kids have never heard of. We held the talk in fervent hope that they bring these lessons to their daily lives especially when they grow up and start earning their own money. Next year, we will be checking up on them whether they were able to set aside any money. It should be interesting! To end the talk we then gave out the kids’ Christmas presents.

Happy holidays to you and your family!


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