• 3 Ways to Show Your Child the Value of the Christmas Aguinaldo

    Christmas is the perfect time to teach your child to be money-smart and generous at the same time
    by Jillianne E. Castillo .
3 Ways to Show Your Child the Value of the Christmas Aguinaldo
PHOTO BY iStock
  • It's almost Christmas time, and based on tradition, your child is likely to receive gifts in different forms — some of them, in cash. To complement that, consider giving her a couple of other things yourself. These are some of the most valuable gifts she will be getting this year: 

    1. A savings account or investments



    “We opened a savings account for each of [our three kids] as soon as they were born,” says Rose Fres Fausto, a former investment banker who is now a money management coach. If your child doesn't have one yet, Christmas is the perfect time for her to get one. Even if you're still the one handling the aguinaldo she gets, seeing you place her monetary gifts in the bank will instill in her the value of saving. You can opt for a passbook savings account where she'll be able to see and track her money. 

    For parents, you can also go beyond savings and invest for growth. Fausto used her skills as an investment banker to put the money her kids received in stocks. If you're intimidated by the idea of stocks, Fausto recommends unit investment trust funds that you can invest in with just P10,000. “The best place to know more about it and where you can avail is your bank.” 

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    2. Money-management lessons


    Money comes with responsibility. A workbook that's also used in classrooms, Junior Ipon by Mark Kevin J. de Guia aims to teach kids money skills that are essential and practical for everyday life.

    Covering a wide range of topics, including needs and wants, pagtitipid, budgeting, and pagnenegosyo, every chapter has tons of engaging activities for your kiddo to do. The author is a Fine Arts major, so there are comics and tons of illustrations to accompany each lesson. 

    What we like: The book doesn’t shy away from math equations, charts, and graphs, which are essential tools in financial literacy. You’ll also find no dollar signs here. The book is anchored on showing kids real-life money situations in the Philippine setting. 

    Here's an example: Manolo is given Php50 by his mom and is free to buy whatever he likes. His options, which are illustrated inside a grid, are five pieces of pandesal, a packet of pancit canton, a packet of candies, and others. Kids are to circle the items he should buy, list them down in a chart, and add up his total. 

    For children ages 8 to 12
    Available for P146 at Pumplepie.com.

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    3. Opportunities to give back

    Fortunate is the child who receives gifts in abundance during the holidays — not all kids are as lucky. Raise an unmaterialistic child who knows how to give back by deliberately creating opportunities where she can practice generosity.  

    This Christmas, Save the Children has a project called Lahat Santa to raise money for their organization. The idea is for participants to find fun and creative ways to raise as much money as they can while wearing a Santa hat. “From holding a bake sale to the good old Christmas caroling - how you'll spread cheer is entirely up to you,” says Save the Children. Sign up for you and the kids and you’ll be sent a kit that includes a Save the Children Santa hat, a huge coin bank, a poster, and instructions on how to donate your earnings. Find more ideas on how to give back here

    Happy holidays!

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