Never too young to learn about finances

Younger students mostly spend money in the canteen and school bookshop, and on transport, while older ones might spend on entertainment.
Younger students mostly spend money in the canteen and school bookshop, and on transport, while older ones might spend on entertainment.ST PHOTO: LIM YAOHUI

Parents should teach kids about managing money as early as possible, say experts

One is never too young to learn the ropes of financial planning, especially now that young people have a wider range of tools and products that they can use to grow their money, even if they are earning crumbs in their first job.

Experts say parents can lay the groundwork by starting to educate children from the ages of 12 to 16 on how to save and what investing means.

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A version of this article appeared in the print edition of The Sunday Times on June 02, 2019, with the headline 'Never too young to learn about finances'. Print Edition | Subscribe