Connect with us

Cover Story

Teaching Kids Financial Responsibility through Gifting

Published

on

The holiday season is afoot, and with it comes a whole truckload of gifts. Everyone wants to gift and to be gifted. For most people, this is the ideal time to go all out and splurge on their loved ones, making sure they feel valued and appreciated. Understandably, most parents throw all caution to the wind, granting their kids everything on their wish list and more.

Not to rain on your Santa parade, but the holiday season can also provide an unrivalled opportunity to teach your kids financial responsibility. Below are some tips to help you do just that while honouring the age-old tradition of Christmas gifting:

Create a gift budget

First off; budgeting is always in season. Everyone seems to understand the importance of budgeting until the holiday season rolls around and all caution is promptly thrown to the wind. If anything, there is hardly any other time of the year when it’s as necessary to create a budget and stick to it.

Creating a gift budget with your kids communicates the value and importance of money. It teaches them how to prioritise spending, and enables them to understand the true value of a gift, which not only makes them financially wiser but also more grateful.

Gather the whole family around and make a list of people you all want to gift. Next, set a budget and come up with different gift ideas that adhere to the set figure. You can scour the internet together and check different websites for gift ideas.

Personalised gifts

Gifts needn’t always come with a hefty price tag, and the perfect gift isn’t always the priciest. Sometimes, a fun family trip to the movie theatre to watch back-to-back Christmas animations is the best gift your children could ask for. Not only is it affordable, but it also allows you to spend time together and make core memories that could evolve into a new family tradition.

Encourage your kids to explore their creativity by making DIY gifts. These could be Christmas cards, décor, hand knitted mittens, scarves and socks. Grab a paint brush and lead the way!

Secret Santa

Secret Santa is a beautiful way to teach kids financial responsibility. First, it often includes a set monetary limit for the gift, making it easier to pick a gift and stay within budget. Secondly, since everyone involved has an assigned person to gift, spending is reduced significantly both individually and as a collective.

Even better, however, is the fact that it achieves all these while inspiring thoughtfulness, creativity and meaningful giving. It encourages one to observe and truly reflect on their assigned person, which sets the stage for deeper connections and relationships.

Gift cards

Similar to Secret Santa, gift cards are also an effective way to teach kids to spend within the provided limit. Since they cannot exceed the available amount, they have to plan and prioritise their spending, which helps them understand and manage money better.

Gift cards also prompt critical thinking and decision-making, which reduces the desire to impulse buy.

Consider gifting them gift cards so they can gift their friends themselves.

Help them set up a gift fund

Nothing will teach kids the value of money quite like having to use their own money to buy gifts. At the beginning of the year, ask them to draw up a list of people they would like to gift at the end of the year, and the gifts they’d like to give them. Then, help them calculate the total sum they would have to save by the end of the year and divide it into monthly installments. Have them work towards that figure every month, and reward them whenever they save successfully.

For example, you can compound the money by a certain percentage every time they save. This will teach them financial responsibility and make them understand money principles from a tender age.

 

Holiday gifting does not have to be synonymous with splurging and impulse buying. Done correctly, it can be a powerful tool that deepens your family bonds while simultaneously teaching your kids financial responsibility.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cover Story

Heartbreak as Body of 12-Year-Old Blessed Claire Muthoni Arrives Home from India

Published

on

Kenyans are mourning the loss of Blessed Claire Muthoni, a brave 12-year-old girl from Kihuri in Othaya, Nyeri County, who passed away while undergoing specialised cancer treatment in New Delhi. Claire had been fighting stage 4 cancer for over three years.

The aggressive disease took a heavy toll on her young body, eventually leading to the amputation of one of her legs. Despite the pain and the many challenges she faced, Claire remained hopeful and courageous throughout her journey, inspiring many who followed her story.

On January 19, 2026, she travelled to India with her mother in search of advanced treatment aimed at saving her remaining leg and managing the cancer that had spread to her lungs. The journey was filled with hope, supported by Kenyans from all walks of life who contributed towards her treatment and kept her in their prayers.

A brave fight

While in India, Claire underwent several chemotherapy sessions. Unfortunately, her condition worsened after developing complications, leading to her admission to the Intensive Care Unit. She passed away in hospital last week, leaving behind a grieving family and a nation that had stood with her.

On Monday, March 30, 2026, her remains arrived at Jomo Kenyatta International Airport. The atmosphere at the airport was filled with grief as family members, friends and well-wishers gathered to receive her. Her mother returned home alone, carrying a loss no parent should have to endure.

Claire will be laid to rest in her home area of Othaya in the coming days, as her family begins the difficult process of saying their final goodbyes.

Her story touched thousands across the country, many of whom followed her journey through updates and fundraising efforts. She became a symbol of strength and resilience, and her passing has deeply affected those who had hoped to see her recover.

Beyond the grief, her story has once again brought attention to the challenges families face when dealing with childhood cancer in Kenya. The high cost of specialised treatment, limited access to advanced care locally, and the emotional and financial strain on families often force many to seek treatment abroad.

Read our March issue here 

Continue Reading

Cover Story

Heartbreak as Body of 12-Year-Old Blessed Claire Muthoni Arrives Home from India

Published

on

Kenyans are mourning the loss of Blessed Claire Muthoni, a brave 12-year-old girl from Kihuri in Othaya, Nyeri County, who passed away while undergoing specialised cancer treatment in New Delhi. Claire had been fighting stage 4 cancer for over three years.

The aggressive disease took a heavy toll on her young body, eventually leading to the amputation of one of her legs. Despite the pain and the many challenges she faced, Claire remained hopeful and courageous throughout her journey, inspiring many who followed her story.

On January 19, 2026, she travelled to India with her mother in search of advanced treatment aimed at saving her remaining leg and managing the cancer that had spread to her lungs. The journey was filled with hope, supported by Kenyans from all walks of life who contributed towards her treatment and kept her in their prayers.

A brave fight

While in India, Claire underwent several chemotherapy sessions. Unfortunately, her condition worsened after developing complications, leading to her admission to the Intensive Care Unit. She passed away in hospital last week, leaving behind a grieving family and a nation that had stood with her.

On Monday, March 30, 2026, her remains arrived at Jomo Kenyatta International Airport. The atmosphere at the airport was filled with grief as family members, friends and well-wishers gathered to receive her. Her mother returned home alone, carrying a loss no parent should have to endure.

Claire will be laid to rest in her home area of Othaya in the coming days, as her family begins the difficult process of saying their final goodbyes.

Her story touched thousands across the country, many of whom followed her journey through updates and fundraising efforts. She became a symbol of strength and resilience, and her passing has deeply affected those who had hoped to see her recover.

Beyond the grief, her story has once again brought attention to the challenges families face when dealing with childhood cancer in Kenya. The high cost of specialised treatment, limited access to advanced care locally, and the emotional and financial strain on families often force many to seek treatment abroad.

Read our March issue here 

Continue Reading

Cover Story

Shock as Section of Gikomba Shoe Market Demolished Overnight

Published

on

Traders at Nairobi’s bustling Gikomba Market are counting heavy losses after a section of the popular shoe market (mitumba shoe section) was demolished overnight by Nairobi City County enforcement teams. The operation took place in the early hours of Tuesday morning.

Videos and photos circulating on social media show destroyed merchandise and devastated traders who arrived at the market this morning to find their businesses in ruins. According to reports, the county government carried out the demolition after an eviction notice lapsed. This happened even though the High Court (Environment and Land Court) had earlier issued and extended conservatory orders in March 2026, halting mass demolitions and evictions at Gikomba and surrounding areas along the Nairobi River.

Repeated demolitions

Demolitions at Gikomba are not new. As far back as 1977, the original market was brought down by the government to pave the way for light industries. In recent years, attention has shifted to the riparian land along the Nairobi River, with authorities proposing to expand the buffer zone from 30 metres to 50 metres in a bid to control flooding.

Many traders have raised concerns over what they describe as poor consultation, shifting relocation plans and the lack of a clear and secure alternative site. There are also growing fears that the process could open the door to land grabbing and cartel involvement.

Impact

For most traders at Gikomba, the market is more than just a place of business. It is their only source of livelihood. Repeated fires and demolitions have created a cycle of uncertainty, financial strain and constant rebuilding. Many small business owners say they struggle to recover after each loss, only to face another setback months later.

Calls for improved fire safety measures, fair relocation plans and meaningful engagement with authorities continue to grow louder. Without long term and sustainable solutions, Gikomba traders will continue to bear the high cost of operating in one of Nairobi’s busiest yet most vulnerable markets.

For more, click HERE to join our WhatsApp channel!

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.