Good money habits children should learn early in life

A family bonds as their little baby plays with a piggy bank. [Getty Images]

If you grew up in the 90s or earlier, then you would attest to the fact that money conversations were held in hushed tones in the safety of our parent's bedrooms. Most children were not privy to how money was generated or how much went into major bills like house rent or school fees. It was almost taboo to track where money came from or how much was used in the home.

Money conversations were introduced later in life, mostly after high school. But you were not supposed to get a job before joining college because if you started 'touching' money at that age then you would not focus on your studies. Well, enter the year 2023 and financial literacy for children is almost a must topic in most households.