How a family vacation can provide valuable lessons on budgeting, saving, and financial responsibility.
During a family holiday to Sapa, Vietnam, in December 2023, Mrs. Mey Sam used the opportunity to teach her three children about money management. When her kids were younger, she encouraged them to earn their own pocket money, fostering a sense of financial responsibility.
Her eldest child, Jazreel, now 18, began her entrepreneurial journey at the age of 10, selling cakes and macarons to family and friends to save money for their trips. This hands-on approach gave the children an understanding of the value of money and the importance of budgeting for their holidays.
By actively involving her children in the planning and saving process, Mrs. Sam instilled important lessons in budgeting, saving, and managing finances in a practical and engaging way. Teaching kids about money management from a young age not only prepares them for future financial independence but also helps them appreciate the value of their experiences.
Through these simple yet effective practices, parents can transform family vacations into valuable lessons on money, shaping their children into financially savvy individuals.
