You can start teaching pre-schoolers about money from when they start to ask questions – when they touch, investigate, and play with everything.

This makes it a great age to move from playing to showing good money management. It will still need to be fun – but you can start adding in more money-related skills into everyday life. For example, saving for a new toy or turning shopping into a learning experience.

They’re beginning to understand the difference between wants and needs. This is a great age to talk about how they can start achieving some of their own wants through earning and saving.

At this age, children want independence. So, you can focus on getting them to take responsibility for their own spending and saving choices. Helping them learn about how to be responsible with their money can also give you peace of mind as they become more independent in their decision-making.

From thinking about what they wear to wanting the freedom that comes from learning to drive, this is an age when money really starts to matter to them. You can help them become money-savvy adults in three main ways: 1) giving them financial responsibility; 2) setting the right example; 3) helping them manage their first wage.

Conversations about money doesn’t stop when children become adults. Whether they’re still living with you or have their own place, but are struggling to save for something they need in their life, this is the phase to really push the lessons of finding their own source of income through a job or side hustle.

This is where all of your money lessons should be put in practice, to secure your future and the future of your children. It is never too late to start learning, and for your kids to learn by your example.