• Milagros S. Johnson

Becoming Money-Savvy

Financial literacy is not just for adults. It’s a subject matter for all ages that needs to be addressed in life, sooner rather than later. We already know that money is a part of life and a necessity for survival. Regardless of how much or how little of it we have, money is essential in every household. Discussions on financial literacy should begin at home and continue throughout the school years, from elementary to college. The purpose for financial literacy is to make our children aware of the value of money, as well as the importance (and challenges) of earning and saving money once they begin getting an allowance. By the time the students graduate college, they will have a better understanding of managing and investing money, donating to charitable causes, how to use credit wisely and responsibly, paying back student loans, saving for retirement, and much more. Because we are our children’s best role models, it is our responsibility to help them acquire healthy earning, spending and saving habits so they can develop into money-savvy adults.

In today’s society, children are accustomed to watching their parents get money from an ATM machine, and pay for goods or items with a simple swipe of a credit card or mobile device. For these reasons alone, we must be clear and candid when teaching them about financial literacy.

It is true that children are like sponges when it comes to learning, the more reason for us to be mindful of how we spend our money and how much we need to save for our future, or a rainy day. Always remember that, “Every penny counts!”


Milagros S. Johnson

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©2019 by Milagros S. Johnson