Money guides for Kenyan parents
Straight answers to the questions Kenyan parents ask about children and money: pocket money, junior accounts, M‑PESA GO, scams, boarding school and more. In shillings, with sources.
How much pocket money should you give your child in Kenya?A starting point for pocket money in Kenya by age, for day school and boarding, in shillings. Plus how to split it, when to raise it and what it should cover.Junior bank accounts in Kenya comparedKCB Cub, Equity Junior Member, Co-op Jumbo Junior, NCBA Junior Savings and Absa Junior Savings compared: opening balance, interest, withdrawals and documents.M-PESA GO and Ziidi for teens: what parents should knowHow Safaricom’s M-PESA GO works for children under 18, what parents control on *334#, what teens can’t do, and how Ziidi lets them save from KES 100.How to teach your child about money in KenyaA practical, age-by-age plan for Kenyan parents: what to teach at 6, 10 and 14, using pocket money, M-PESA, the kiosk and the chama, not lectures.Needs and wants: how to explain it to a childA simple way to teach needs and wants to children aged 6 and up, with Kenyan examples, three games to play at home and what to do with the tricky ones.Money scams aimed at children and teens in KenyaFake M-PESA messages, "sent by mistake" calls, fake prizes, game top-ups and get-rich offers: how Kenyan kids can spot scams, and report them to 333.Boarding school pocket money: how to plan the termHow to plan boarding school pocket money in Kenya so it lasts the whole term: agreeing a total, weekly shares, school rules, top-ups and what to do on visiting day.Should you pay children for chores?The case for and against paying children for chores, three approaches Kenyan families use, fair rates in shillings, and how to avoid "what will you pay me?"Saving for a goal: a step-by-step plan for kidsHelp your child save for something they want: pick a goal with a price, work out the weeks, save first, make progress visible, and handle the "I want it now" moments.Spend, save and share: teaching kids to giveHow to teach children to share and give with the spend, save and share jars: harambee, church, a friend in need, and letting them choose the cause.Financial literacy in CBC: what your child learns at schoolWhat Kenya’s CBC teaches about money: Business Studies on budgeting and banking, KICD’s financial literacy toolkit, and what to add at home.Piggy bank, bank account or app: where should your child’s money go?Compare a piggy bank, a junior bank account, a money market fund and a kids’ money app for Kenyan children: what each teaches, what it earns and when to use which.
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