It is never too early to introduce kids to money concepts
Last Update Date: 06-10-2026
Published by Business Insider India
Abhishek Kumar's role: Quoted
Abhishek Kumar suggested that parents explain how they earn and spend money so children see it is limited, and that a child asking for several things be given a set budget and asked to choose.
More of Abhishek's views on money management
The article uses family stories to show how parents can teach young children about money. It covers explaining that money is limited, giving a fixed weekly amount, using piggy banks, opening a bank account for gift money, and parents setting a sound example with their own spending.
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It is never too early to introduce kids to money concepts