Teach young children about money by giving an allowance

A pupil making a purchase at a POSB Smart Buddy tap-and-pay terminal at Xishan Primary School's bookstore.  PHOTO: DBS BANK
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SINGAPORE – A good way to teach young children about money is by giving them an allowance.

Experts recommend daily allowances for lower-primary children, so it would not be too overwhelming for them to manage the money.

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