financial management

To test your character, spend other people’s money and pretend you’ll not be audited.

My daughter Rachel, when she was about four years old knew the value of money and the responsibility of keeping it safe. I remember when she asked me money to buy something at a neighborhood store with our helper in tow.

“Papa, may I have five pesos?” I felt a bit generous at the time, when at that age, Rachel can read the alphabet and give correct answers to basic arithmetic.

I offered her P50, but Rachel refused it. She said something like this: “Papa, please. I don’t want P50. I only want five pesos.”

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