Involve Your Children in Budgeting for School Needs
By Dickson Tumuramye Do you ever involve your children in the budgeting process for their school, personal, and family requirements? As we prepare to take our children back to school for the third term, many parents are also starting the shopping marathon. The usual routine is that children present their school requirements, sometimes with an extra list of personal wants. The atmosphere in many homes is a mix of pressure, anxiety, and anticipation. Some parents happily shop together with their children, while others prefer to do it on their behalf. This back-to-school period is always a financial balancing act. On one hand, schools legitimately require many items to ensure a smooth learning experience. On the other hand, some children believe their parents have an unlimited supply of money. They present lists that stretch far beyond what is affordable, with little understanding of the financial sacrifices involved. This creates a sense of entitlement that can weigh heavily on p...