How can UAE parents teach children smart money habits from an early age?

UAE experts are encouraging parents to start financial conversations with children early, saying money habits begin forming as young as seven years old. During a recent workshop by Zoud and Siira, experts advised families to openly discuss saving, spending, and budgeting instead of avoiding the topic. Tips included using a “three bucket system” for younger children with jars labelled spend, save, and grow, while older children can learn through weekly allowances and prepaid debit cards to manage digital spending. Experts also warned that children often absorb their parents’ emotions about money, making healthy financial behaviour at home especially important. What do you think — should financial education begin at home from an early age, or should schools play a bigger role in teaching children about money management?

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