Teaching and learning transcend the barriers of age and place and can happen at any time in life. Most often, schooling begins at the age of four to five years, but literacy can begin as early as possible. Education is not just formal education which is supported by notebooks, books and a certain institution. It should also be noted that formal education works through a fixed curriculum which cannot possibly be comprehensive, especially in the context of financial literacy. Financial literacy is a very prominent topic of concern which is not covered in formal education and must be taught at home for parents who often start giving money to their children from the age of ten to twelve years. Before your child reaches high school, it’s important to know how to handle money wisely. Here are some tips for parents to teach your child the basics of money and everything involved.
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