Early financial literacy helps children develop healthy money habits, but how much should parents share with them?
Children’s financial education should be age-appropriate. Photo: Getty
There generally comes a point in a child’s life when the penny drops with regard to money and even social standing. Up until a certain stage children will not understand that some families have more money than others.
However, as they get older, they might notice some classmates going on holidays every mid-term or others heading off to Lapland instead of visiting Santa at the local shopping centre.