Teaching children about money is a crucial aspect of their financial literacy and future financial well-being. It involves imparting knowledge and skills related to earning, saving, budgeting, investing, and responsible spending.
Importance and Benefits: Equipping children with financial literacy empowers them to make informed decisions, manage their finances effectively, and achieve financial independence. It helps them avoid financial pitfalls, such as debt and poor credit scores, and fosters a sense of responsibility and self-reliance.