Money parenting, particularly as countries in Asia do, is the one cultural tradition from another country that I wish widely practiced in my motherland.
“Money parenting being the process of educating children on financial and social responsibilities that come with money.”
Reportedly, in countries, such as Taiwan, the process begins with children as young as four years old.
Nurturing in them particular attitudes and beliefs about money. Bequeathing them social capital, a foundation, that will positively influence their future financial behavior.
I particularly like their intentionality in inculcating in their children the desire to be debt free and have savings. Skilling them on how to budget and save.
Sadly, it is not uncommon for us in Uganda to reach adulthood without practical knowledge and appreciation of money.
A status quo, absence of money parenting, that is likely the root cause of many of our challenges, including failure to root out significant poverty from our territory.
It is all about our poor attitudes and beliefs towards money.
CPAR Uganda 
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