Children are increasingly driving parents, but particularly mothers financially crazy, and at the same time, they continue to feel like their parents, in this case, mothers are not providing enough money to satisfy their always increasing material needs. On their parts, parents or mothers, are getting increased stress, depression, and untimely deaths, due to pressure of meeting family financial needs. Throughout times, money has always been a confusing weird concept for many; sometimes it is there, other times it is scarce. But do you and your children know and understand that?

As we celebrate national Women’s day tomorrow, The book Proven Habits for Financial Freedom by Victorine Mbong Shu is a recommended handbook for women, their friends, families, couples, parents and children to use if they choose to journey financially free. Amongst the many kind words, Victorine advises families to share money pleasures, money secrets and money huddles. In Chapter 10 of the book, she focuses on how parents should empower children on developing a relationship with Money. Victorine states that “There are many things parents, guidance and caregivers can do to make children value money. Giving them a lot of money or buying for them what they need is none of those.” According to her, Before children turn 5, parents should teach them delayed gratification using food, treats and money. She insists that children be taught about earning, spending, saving and sharing and they should start learning how to save and attain goals at that stage.

Victorine’s example is that children can be taught to “save towards a book or towards a family dinner.” She continues that “between the ages of 5 and 10, children should have their own banking accounts and should be able to make banking decisions. They should know that spent money does not come back. A demonstration is this can be done through explanations when parents go shopping with their children and let them make aided financial and health choices of food items from when they are young, she says.

Some tips from this book points that delayed gratification is practiced when parents do not just give, it becomes easy to create dependency when parents just give. Victorine states that if children were to depend on parents’ wealth, they sure will enjoy it, but most often end up lacking emotionally. Emotionally lacking and financially fulfilled children often expect continues flow of money with no anticipation of the reverse. They become really entitled and unreasonable when their parents can no longer provide.

This same chapter unveils how involved families educate children on the value of money. It cautions parents to communicate with children about their financial values and to interrogate money and its uses. If parents explain  needs vs. wants, Victorine is sure that this will help children to avoid spontaneous purchases and set goals with intension to help them think about whether they want an item before parting with their money or they need it.

Victorine’s Warning on Future Burden: “Parents who over provide are likely to largely depend on their children in future. Financial independence is the best gift that a family can offer itself.” Women be warned, You are the biggest dependents at old age.

Victorine Mbong Shu

Victorine is in education and training since 2002. She is the CEO of Profounder Intelligence Management Services, Publisher, Editor, Researcher, Transformational Speaker, Mentor, Material Developer, Facilitator, Assessor, Moderator and TV Talk Show Host at Children Television South Africa (CTVSA). She is the owner of Profound Conference Centre in Bramley-JHB. She and Dr. Fru are raising 4 bubbly children, including Africa’s youngest multiple award-winning author of chapter books, Stacey Fru. Victorine is a respectable Involved Parenting Conversationalist with a Master’s Degree in Communications. Victorine can be contacted on or 011 440 7501. She is a BrandSA Ambassador and Awards Winning Author of the following books:

  • ‘Stop Complaining! and Bring Back Involved Parenting,’
  • ‘Trapped in our shadows,’
  • ‘Proven habits for financial freedom,’
  • ‘Not too late: Bring Back Involved Parenting.’




Leave a Reply