Kindergarteners should be taught what money is, its denomination, and elementary ways to use it. You can play themed games.
Younger schoolchildren will be fine with stories about the types of money, currency and the rules of family budget planning or money management lessons for kids https://edcraft.io/about-finance
It will be useful for middle school students to learn about the most common financial instruments used by their parents (deposits, loans, bank cards), and for older students - about interest rates, passive income from investments, types of fraud, legal provisions and rights, the nuances of credit agreements, and more.
Psychologists unanimously say that a child should have pocket money. Otherwise, how else can you learn to spend, save, and distribute it properly? But giving your son or daughter cash should be done wisely: start with small amounts, show how you can dispose of the cash.
With the beginning of schooling comes the need to give your child money. And this is when responsibility begins to form. Somewhere from 2-3 classes you can set the amount of pocket money, the first small amount - $10-20 that the child can spend at his discretion. Connect it gradually to small purchases in the store. You can also ask for pocket money to buy lost pens, pencils, rulers. Show different ways how you can dispose of the amount: spend it on extra cakes in the dining room, ride to school or club transportation when you are late, put it aside for a new toy, partially pay for the phone, etc.
The teenager can already be involved in understanding the family budget. Talk about mandatory items of expenditure: food, transportation, rent, etc. And offer to think about what you can buy for the remaining amount of what the child needs (clothes, shoes, hobby items). You can also connect to family decisions. For example, offer to plan a weekend camping trip for the family for a certain amount of money.
The question parents worry about is: to give cash for nothing or for something? Often parents practice rewarding for doing household chores. If you did the dishes, took out the trash, did homework on time, you get cash. But is it the right thing to do?
"Giving the child money, setting the amount of out-of-pocket expenses, do not dare to link it directly to household chores. After all, we clean the apartment or feed the cat, not because someone will pay us for it, but out of concern for our loved ones and a desire to create a comfortable space to live in. And when we start paying a child to do this, we teach to make money out of our relatives, monetize care and comfort, and destroy the value system of intra-family bonding".