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NCBA’s Hepsiba Orunda Shares Smart Tips to Raise Financially Savvy Kids
In an era where financial literacy is a critical life skill, NCBA Bank is stepping up to help parents equip their children with the knowledge they need to make sound money decisions.
Speaking on Family Media’s “Financial Clinic,” Hepsiba Orunda, Head of Gold Banking at NCBA Bank Kenya, delivered practical, actionable tips to help parents raise what she calls “mini-money masters.”
Her message was clear: teaching children about money isn’t just a good idea it’s essential.
“When we start teaching financial literacy early, we help our children develop a strong foundation that will guide them throughout their lives,” Orunda emphasized during the interview.
NCBA’s Hepsiba Orunda Shares Smart Tips to Raise Financially Savvy Kids
Why Start Early?
Financial literacy among adults is often lacking, and the consequences poor savings habits, crippling debt, and financial anxiety are far-reaching. Orunda argues that the antidote is to start at home and start early.
“Children are like sponges,” she said. “They pick up on our habits and attitudes toward money. That’s why it’s important to be intentional about the lessons we pass on.”
5 Ways to Turn Your Kids Into Mini-Money Masters
1. Start with the Basics
Begin by teaching your children the core principles of money management saving, budgeting, and understanding the difference between needs and wants. Orunda encourages parents to use daily experiences, such as grocery shopping, to illustrate these ideas.
2. Make Saving a Habit
Give your child a piggy bank or a clear jar to see their savings grow. According to Orunda, celebrating even the smallest savings milestones can motivate kids to keep going. “Children need to learn that saving is a positive, rewarding activity,” she noted.
3. Teach Goal-Setting
Help children set realistic financial goals, like saving for a toy, book, or outing. This builds planning skills and teaches them about delayed gratification. “When kids work toward a goal, they learn discipline and the value of effort,” said Orunda.
4. Create Earning Opportunities
Orunda suggests assigning age-appropriate chores that come with small rewards. This approach teaches the value of work and the concept of earning. “When children understand that money is earned, they’re more likely to spend it wisely,” she said.
5. Talk About Money Openly
Rather than shielding children from financial discussions, Orunda recommends involving them in simple decisions, such as budgeting for a family outing or comparing prices at the store. “Open conversations about money help remove fear and build confidence,” she added.
NCBA’s Hepsiba Orunda Shares Smart Tips to Raise Financially Savvy Kids
Watch the Full Interview
To dive deeper into Orunda’s insights and explore more strategies for financial parenting, you can watch the full episode on Family Media’s YouTube channel here: Financial Literacy for Children – Hepsiba Orunda on Family Media
A Vision for a Financially Literate Generation
Through its financial literacy initiatives, NCBA Bank is not just supporting its customers but also shaping the next generation of financially responsible citizens. As Orunda summed it up, “Empowering children with financial knowledge today means a more financially secure tomorrow for them and for the entire community.”
https://africabusinessnews.co.ke/ncba-profit-after-tax-rises-to-kes-5-5-billion-in-q1-2025/
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