Parents play a significant role in serving as role models for their children in various aspects of life, including financial literacy and behaviour. While it is unnecessary for parents to be financial experts, they should demonstrate good and responsible financial decision-making, thus setting a positive example for their children to follow and learn from.

In addition, certain games that parents can play with their children include valuable lessons for enhancing financial literacy. For instance, Monopoly and other contemporary video or smartphone games can educate children about money management. Some parents also involve their kids in household finances, such as taking them to the grocery store and discussing responsible spending or compensating them for completing household chores. These are just a few examples of how to engage children in daily financial activities.

Children can learn the significance of saving money even at a young age. By utilizing tools such as piggy banks and other incentives, they can develop an interest in saving money even when they only have a small amount.

Lessons geared towards young children should be straightforward and easy to comprehend, whereas more advanced financial concepts can be taught to older children. Numerous free educational programs are available online and can be utilized for this purpose.