How to teach your children about money

An understanding of numbers, cash and savings can be picked up early

Young girl in a gingham dress counting coins from a jar
Learning about money starts at home but parents often don't know where to begin
(Image credit: Emma Kim via Getty Images)

Children may not learn much about managing money at school but there are important financial lessons you can teach them at home. 

Research by University of Cambridge academics shows that children as young as seven can "grasp the value of money, how to count it and what it means to earn money and exchange it for goods", said MoneyWeek

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More

Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.