Talk to your kids about the value of money

Most parents still prefer to give cash to their school-going children.
Most parents still prefer to give cash to their school-going children.PHOTO: ST FILE

SINGAPORE - If you think you can control your children's spending habits just because you control the purse strings, think again.

The old rule that you cannot have access to loans or financial services unless you start working no longer applies now, due to new and more aggressive products being rolled out by financial technology (fintech) companies.

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