How to talk to your kids about money

Ms Esther Tan, her children Nathan and Phoebe Foong, and Mr Elvin Foong at their home on Jan 21, 2019. ST PHOTO: ARIFFIN JAMAR
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SINGAPORE - For Chinese New Year last year, Ms Esther Tan and her husband allowed their children to spend three $2 notes from the hongbao (red packet) money they collected.

Nathan, aged seven, and Phoebe, five, were each allowed to buy three $2 items of toys and stationery from the Daiso store, while their parents saved the rest of the money for them.

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