Many Filipino parents today did not teach their children how to handle money. Teaching children now the value of money and the importance of saving money for the future is never too early nor too late.

Francisco Colayco shares principles that he would teach children who are still infants:

1. Start them as young. A child is capable of learning so many things at the same time, so easily and without fear. For example, they learn so many languages, learn to swim, bike etc. and they are not embarrassed to make mistakes or fail. They enjoy and practice, and it become automatic throughout life. In the same way, a child should learn early about the concepts of earning, saving, and getting good value for money spent and growing their savings. If they accustomed to it, they will grow up to be financially healthy.

2. They should not be allowed to buy anything they want without putting value to their money. Start the discipline at home on what good value means so their peers will not influence them in the wrong way. Care, however, should be taken not to make them misers who do not know how to spend even for the right things.

3. Children should learn that they should share. However, they cannot share they do not have. Thus, they have to learn to save so that they have something to share.

4. Parents should show their kids a good example. Practice what you preach on handling and saving money!