Children ages 3 to 5 are usually too young to understand abstract financial concepts. Still, they are building a foundation that can serve them well in the future.
Does your young child focus and keep going, even on hard tasks?
At this age, persistence is one of the money milestones that you can watch for, and help your child reach.
Money ideas to talk about and try out with your child
Say: You need money to buy things, and you earn money by working.
Say: You may have to wait and save up money before you can buy something you want.