How to introduce financial literacy to children during the holidays

THE holiday season is a time for family, friends, sunshine, and outdoor time, and the urge and opportunity to do as little as possible.

- DIEKETSENG MALEKE

In short, it’s a much-needed break from the daily grind. But it’s also the perfect moment to start having conversations with your children and loved ones about money.Nasia Seyuba, head of people at Finchoice, explains that introducing kids to healthy financial habits early sets them up for a lifetime of good money management: “Children learn about money in two ways. Firstly, by watching how their parents handle everyday finances, and then through intentional teaching. The holiday season is ideal for both.”

She says parents don’t need to dive straight into adult-level financial discussions. Instead, focus on practical, age-appropriate lessons. For younger children, having R100 to spend teaches them about ‘wants’ versus ‘needs’, budgeting, and calculating change.

For older children, conversations can include the basics of saving, the importance of insurance, and how planning ahead for expenses makes life less stressful. Practical planning doesn’t have to be dull. Families can work together on a budget for holiday fun that covers gifts, meals, activities, and travel, while also anticipating January’s back-to-school expenses.