In the world today, many young adults have debts before they reach 21. Children need to be educated about money and smart financial planning. The field of finance deals with concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted. If the Education in Nigeria can focus more on this area of finance, the foundation of a strong and secure future of children would be built before they grow into adults. Financial education, empowering individuals with valuable knowledge to take control of their finances and make informed decisions is recognised by many employers including those with businesses advertised in the Nigerian Financial Directory as the key to improving productivity and well-being. The level of financial capability changes people’s lives by increasing psychological well-being, life satisfaction and reducing anxiety and depression. Make a list of essential financial facts that children need to know. This list can comprise of “How to save”, “how to keep track of money” and “how to spend”. The list should cover the common rules that will introduce the children to the world of finance. This structure should be according to the various ages of children. It is very significant that children understand that buying affects personal finance. From the Education in Nigeria perspective, if these basics are taught, children grow up being able to spend wisely, save up a lot of money which they can use to even start up a small business depending how long they have been saving. They can also be taught to understand how long it will take to buy something they really want. Teaching children about savings allows them to correlate work with prices, and begin to understand, in a deeper sense, the value of items and purchases and also wants versus needs. Another aspect of financial education is teaching children the importance of charitable giving. Children are naturally receptive to sharing and they need to be taught that money can be used for more than just toys and savings. With this in mind, children grow up to associate money with not only good for themselves but good for others as well. Some companies found in the Nigeria Financial Directory have Corporate Social Responsibility (CSR) which is the continuing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. When children donate to deprived children, they need to be taught to understand that their monies went into buying better computers for their fellow school mates or even helping to feed the poor in the society.
