Kids learn to save money from their parents

“Things worth having are worth saving for.” This is the advice that author Matthew Reilly received from his mother and he still uses it today.

Children learn about money from their parents – either directly or by example.

Psychology Melbourne clinical psychologist Rosalind Case says the learning starts early, from the age of three. Modelled behaviour has the greatest influence.

“So if our mother is good at saving money and teaches us how to do that, then we might have a better chance of being an effective saver later in life.”

Source: The Age