Children start to understand money in early childhood, around ages 3 to 5. At this stage, they learn through play and imitation. Parents can introduce simple concepts like saving and spending. For example, they might use a piggy bank to save coins. They also start to grasp the idea of exchanging money for goods, like buying a toy with coins.
Children start to understand money in early childhood, around ages 3 to 5. At this stage, they learn through play and imitation. Parents can introduce simple concepts like saving and spending. For example, they might use a piggy bank to save coins. They also start to grasp the idea of exchanging money for goods, like buying a toy with coins.