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Should children be introduced to the concept of Money : Two schools of thought exist on this question. Parents belonging to the old school of thought feel that children should not be spoken about money, spending, etc. The new school of thought believes that children should be spoken & taught about money.

How to introduce children to Money :
Children can be introduced to money as soon as they learn to count. For eg: Instead of giving a ten-rupee note to children, 10 one-rupee coins can be given to them. Without realizing, the child will learn about money.

What to teach children about Money :

The focus of teaching about money to children should revolve around concepts of Earning / Income, Spending, Saving and Borrowing.
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