Money Saving, what age should we be teaching them?

Money management is very important, we learn from our parents behaviours and if we constantly think money grows on trees then we will never learn and think it is ok to spend spend spend.

As a child I was always taught by my Grandad to spend half and save half. I think he first opened a post office savings account for me when I was born and it started by saving a £1 a week, when I was old enough to understand what money was the amount of pocket money I got went up to £1.50, I again had to save £1 and I got 50p to spend on some sweeties.

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