It's essential to expose children to real-life situations rather than just screen time, allowing them to learn indirectly. Starting around the age of ten, financial decisions should be communicated openly and honestly, creating a foundation for understanding money management. Discussing current events like inflation can help provide balanced perspectives. Furthermore, giving children an allowance fosters their engagement in financial decision-making, particularly through tools that allow parents to set conditions like interest rates on savings. This approach emphasizes ongoing dialogue and experiential learning rather than formal instruction.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode