Transforming Africa through Investment - Tatitoday

67-year-old millionaire: One of my biggest parenting regrets is not prioritizing my kids’ financi...

Some parents although on the fewer side encourage their Children to save usually using a Susu box .

This is a good practice however children need to be educated on Savings Goals ; Short ,Medium & Long Term so they can have a more defined way of savings.

Let’s consider this scenario;

Kofi is a 12 year old, he plans to get a new CD for his XBox One Console.
The CD costs GHc100.

His parents have mentioned politely that it’s not on their Priority List at the moment and hence if Kofi wants it he might have to save for it.

Kofi has to decide if this savings goal falls under short term , medium term or a long term goal.

There are 4 determinants which can help him with this decision;

1. What minor jobs can he do (for his parents) to earn some coins to save?
2. How much can he save in a Week?
3. Does he already have some saved money he intends to use for this CD?
4.For how long is he willing to save towards this?

Note:
a) He should have already gone through the principles of Needs & Wants to have come to a point that this is a Need or a Want he can afford.

b) Also on which level of his priority list is this CD?

Financial Education is a must because it helps us make better and wiser decisions ,thankfully Kofi’s Parents enrolled him on the Tati ChildSave Financial Literacy Program so he knows how to go about this Challenge.

Would your Child be able to navigate their way through such a challenge?

Would you as a parent know what to do in such situations?

Our Next Financial Literacy Program starts in February God willing, enrol your Child Today.
Opened to Children 8-14 years.

Contact Charles on 0249134165.

Charles Adu-Sarkodie
Lead, Tati ChildSave Financial Literacy Program

**Please help us by Sharings. Thanks

We are making it affordable for every child to gain some important basic financial knowledge hence our TATI start-up ToolKit is now GHC30.

For this just GHc30, you child will gain knowledge in Needs & Want , Priority List ,Opportunity Cost , Saving Goals (Short & Long) , Scarcity and even how to make use of a Savings Calculator.

Also we provide them with a Savings Container so they practise what they will learn on Savings.

Call/WhatsApp Charles on 0249134165 to get one delivered to you or a love one.

Last Friday, TATI conducted a survey to help us determine whether we are financial literate or we need more help.
25 people participated (we closed it after 24 hours). Below is a visualization of how the participants answered.

Very insightful, i will share more on this in the coming week.

Thanks a lot to everyone who participated and also my good friends who helped share.

Charles Adu-Sarkodie
TATI

Two-thirds of the world can’t pass this basic financial literacy test. Can you?

https://www.surveymonkey.com/r/MSFMM9N

Hello Folks, this is a short 5 questions survey conducted by TATI, Kindly share on your Wall for us so we can reach more people.

It's an interesting Survey so have fun.😃

TATI FINANCIAL LITERATE SURVEY Take this survey powered by surveymonkey.com. Create your own surveys for free.

TATIMoment

Call 0249134165 for details.

A LETTER TO MY DEAR NSS PERSONNEL... NSS starts this month , personnel will be paid a minimum of GHc559(some private companies pay more). Now it might not have occurred to you yet but one of the best decision you can make is to develop a Savings/Investment culture now.

This is a Need to Formally add Financial Literacy to our Education as a Country and a Continent.
There is so much to teach and learn.