Early learning of practical financial habits in children increases their likelihood of becoming financially savvy and independent adults.
Cultivating the right attitude towards money at home is crucial for financial success in life.
Children today are more digitally savvy than their elders, which can help them learn new ways of financial transactions.
Introducing fun elements while teaching money lessons will help them gain more interest in the subject.
Children often imitate their parents' behavioural patterns, so lessons at home can become part of their life-long conditioning.
Making financial decisions from a young age can help them improve their money skills.
Cultivating the right mindset can be a stepping stone towards helping children achieve financial independence in future.
Basic budgeting and saving habits are crucial for long-term financial stability, especially when studying abroad or away from home.
Compiled By Himani Verma