When does a child start to form financial habits?
A study by Cambridge University suggests that most children are able to grasp basic money concepts and form “core behaviours” by age seven. It theorised that a child’s ability to manage complex financial and other issues were greatly influenced by their early experiences provided by their parents.
Experiences such as learning how to plan ahead, how to reflect, and how to regulate their emotions played a major role in encouraging constructive financial behaviour as children grow up.
In the first part of ‘Raising A Money-Smart Child’ E-book series, TNAP speaks to Ms. Jovin Tan, Wealth Management Advisor. As a young mother of two, Jovin shares her insights on how we can influence our children to be financially smart.
To read the full interview, download Part 1 of our E-book here.
Start teaching your child money management today!
Receive complimentary set of money jars at www.jopezacademy.com/mjars (only available to the first 50 sign-ups)
This is the first part of our eBook series: How To Raise A Money-Smart Child, brought to you by The New Age Parents and Jopez Academy.