How can I teach my child about money management?

  1. Start with Basics: Use jars or envelopes labeled “Save,” “Spend,” and “Give” to divide their allowance.
  2. Use Real-Life Examples: Involve them in small financial decisions, like comparing prices while shopping.
  3. Introduce Budgeting: Use visual tools like charts or apps to show how money is allocated and spent.
  4. Play Money Games: Games like Monopoly or apps designed for financial learning can make it fun.