Kenniesha Burrell TEACHING OUR CHILDREN FINANCIAL LITERACY IN JAMAICA

 TEACHING OUR CHILDREN FINANCIAL LITERACY IN JAMAICA


📚💰 TEACHING OUR CHILDREN FINANCIAL LITERACY IN JAMAICA 🇯🇲
“If we don’t teach them now, the world will teach them the hard way.”

Too many times, we wait until our children are adults to talk about money—but by then, the habits are already set. As parents and guardians, it is our duty to teach our children about money from early—not just how to spend, but how to earn, save, invest, and give.

💡 Why is Financial Literacy Important for Children?

  1. Builds discipline – They learn to wait, save, and prioritize.
  2. Prepares them for adulthood – No more trial and error when they leave home.
  3. Reduces dependency – Our children grow up to stand strong on their own.
  4. Breaks generational poverty – Smart money habits now = wealth later.

🏦 Where to Start: Banks & Entities That Help

Many Jamaican banks have accounts designed just for children and teens:

  • JN Bank – Offers the JN School Savers Account, great for students.
  • Sagicor Bank – Their Star Savers program encourages saving from an early age.
  • NCB – The Yutes Account targets teens with financial tools and access.
  • JMMB – They provide both savings and investment options for youth, with guidance for parents.
  • Credit Unions (like COK Sodality) – Great interest rates, lower fees, and community-based values.

📝 Tip: Open the account with your child. Let them see the forms. Let them make their first deposit.

👨‍👩‍👧‍👦 What You Should Be Teaching Your Child:

  1. The value of work – Give them chores or small tasks and pay them. Let them earn.
  2. Budgeting – Teach them to split their money: Spend, Save, Share.
  3. Needs vs Wants – Make it a game. Ask them: “Do you need this or just want it?”
  4. Delayed Gratification – Teach them to save up for something they want instead of buying right away.
  5. Feeding money – Let them “feed” their piggy bank and set a goal. Once full, it goes into the real bank.

💬 Encouragement for Parents:

You may not have had this knowledge growing up, but you have the power to change the story for your children. Start simple. Keep the conversations going. Let money be a topic that uplifts, not divides. 💪🏾

Plant the seed today, and tomorrow, you’ll watch your child harvest financial freedom. 🌱💵
They’re not too young to start. You’re not too late to teach.

Written by Kenniesha Burrell

Comments

Post a Comment

Popular posts from this blog

KENNIESHA BURRELL Silent Battles: Understanding Depression in Jamaican Women and Finding the Path to Healing by Kenniesha Burrell

Introduction As a Jamaican woman, a mother of two boys, and someone deeply connected to my community, I've witnessed firsthand the silent struggles many women endure daily. Depression, often misunderstood and stigmatized, is a reality for many, yet it remains unspoken in our society. This article aims to shed light on the signs of depression, especially in women, and provide resources available in Jamaica for support and healing. Recognizing the Unseen: Signs of Depression in Women Depression is more than just feeling sad; it's a complex mental health condition that affects every aspect of one's life. For women, symptoms can manifest differently and may include: Persistent sadness or low mood Loss of interest in activities once enjoyed Changes in appetite or weight Sleep disturbances Fatigue or loss of energy Feelings of worthlessness or excessive guilt Difficulty concentrating Thoughts of death or suicide It’s crucial to understand that experiencing these symptom...
Read more

Kenniesha Burrell

Title: When Ashes Bloom: The Story of Amara Leigh By Kenniesha Burrell About the Author My name is Kenniesha Burrell , and I am a proud mother of two beautiful boys who are my world. I was born and raised in the parish of St. Mary , Jamaica, and my heart beats for people, purpose, and passion . I’ve always believed in helping others, in the power of second chances, and in the strength that can come from even the deepest pain. I love music, drama, and writing , and I’m learning now more than ever to use these passions to heal, to build, and to inspire. I have a genuine heart and a deep love for community. I've done a lot of community work , and even in moments when life has broken me, I’ve felt that God still has a purpose for me . I’m passionate about growth, creativity, and learning , and through my writing, I want to reach people who are hurting, people who feel forgotten, people who are rising again. This is just the beginning for me—and I pray that through these storie...
Read more

KENNIESHA BURRELL: 2025 and Beyond: What Jamaicans Really Want from the Next Government

 🗳️ 2025 and Beyond: What Jamaicans Really Want from the Next Government As the People’s National Party (PNP) and Jamaica Labour Party (JLP) prepare to face off in the 2025 General Election, Jamaicans across all generations are watching closely—not just listening to speeches, but looking for real change. Our people are tired of empty promises. What we want are policies that improve our quality of life, especially around jobs, housing, cost of living, and national safety. --- 🇯🇲 What Jamaicans Are Tired Of Let’s be honest. The average Jamaican—whether uptown, downtown, or rural—has had enough of: Unbearable utility bills from monopoly companies like JPS and NWC High cost of living that outpaces stagnant wages Lack of employment opportunities and sustainable income for youth Limited support for small business growth Poor road conditions and public infrastructure Increased crime and fear in communities Minimal access to affordable healthcare and housing No real system for repairing...
Read more