The importance of building a solid foundation of financial understanding

No matter what kids learn about money at school, they need to become more familiar with it at home, according to financial experts. Photo: Arne Immanuel Bansch/dpa

Money makes the world go round – and that’s why children need to learn about it as soon as they possibly can.

Research shows children who’ve had some financial education at school are more likely to save up frequently, have a bank account, and be confident managing their money.