As a child, no one explained to me how to properly deal with the income that came in. That you should not spend it all within a certain period of time. You should put aside some part or, better yet, invest this money.
That's why it's considered a privilege for a child to learn the tools and skills to manage a budget, no matter how small. These methods are supposed to be learned theoretically in the early years of school, and then learned practically by observing family members (parents and siblings) and performing tasks using small amounts.
Indeed. Teaching them at their young age may not be appreciated by them for now, but when they grow old, they will know how to value such a thing. That is why I don't make my kids' lives too easy. I give them enough money only for their basic needs. It's up to them if they will save some or not. Guiding our kids is not just making them suffer difficulties, but it is a way of helping them to become responsible in the future. They may not understand it, but soon they realized how important it was.
A child has to be taught everything from an early age, even if it is difficult, but it has to be done. Early education plays the most role in shaping their right character in the future. If they are given complete financial freedom at an early age and allowed to spend money as they wish, a luxury mentality is created in them, they do not understand the real value of money, and continue to spend money uncontrollably. And this nature will remain in the future, if they are not given the right education from the very beginning.
If they can acquire the right responsible character from an early age, then it will help them to live a good and responsible life in the future. Therefore, every parent should give their child the right education, to ensure a bright future for your child, there is no alternative to giving the right education from an early age.