Giving your kids a good foundation and teaching them about money matters is critical for their personal development. Showing children the basics such as how to budget, spend and save will establish good money habits for life.
In a time of credit cards, internet banking and online shopping, children don’t often see people buying products with physical money like notes and coins. Not seeing money exchanged for purchases makes it harder for kids to get their heads around what things cost. Talk to your kids about money often to help them make this invisible money real.