How do you talk to your children about money?

Talking to your children about money is a critical part of their financial education. First of all, you need to be open to talking money with them. What's more, you need to choose the subjects and adapt the learning to the age of your children. There are educational board games, children's books, documentaries and other initiatives to help you.

How can a child save money?

A child who receives money at a birthday party or pocket money may decide to save it. Of course, he could use a piggy bank if he's still young. However, from adolescence onwards, you can open a bank account for your child, such as a youth checking account.

What are the basics of personal finance to teach young people?

Basic personal finance concepts to teach young people include income, savings, expenses, budgeting and debt. However, when your children become teenagers or young adults, there are many other money-related topics that should be discussed with them. For example, the concept of compound interest, tax-advantaged accounts, etc.