As long as you teach your children to manage their money, they will not lose control using that money. They will know that getting money is not easy and they must work to earn money. They will not waste money for something they don't need but they will split the money based on their needs.
Perhaps, saving will be the first thing you can teach to your children as many parents do to their children. They also teach their children that they need to earn more money to fill their needs. So parents need to tell them that money is something they can use to fill their need but they should save their money for their future.
As their parents, we will give the lesson so they will not make a mistake related to managing the money. We know that they can lose control so we teach them to manage themselves. Every parents want to give the best for them so they will prepare many things for their children.
Yes, it is very closely related to parents in providing everything for their children by paying attention to their needs, especially educating them about finances, as provisions for them when they grow up, if they are not taught financial management since childhood, they will lose control, and become wasteful in terms of financial spending if it is not implemented as early as possible, it is an important thing that must be implemented.
To ensure a child's bright future, he needs to be well informed about all the subject from a young age, not only in terms of money but to teach a child all the issues from a young age, parents need to guide their child in all aspects at all times.
It cannot be limited to just formal education, parents also have to always keep an eye on their children, along with financial education, they have to be given moral education, human education, and these are mostly the responsibility of the parents, the role of their parents is the most important behind a child's bright future, so any parent should understand when their child needs which education, not all education can be given at once, each education has a specific time and according to that time they have to be educated step by step.