Child Financial Literacy Milestones

Recognising that coins differ in value comes around five or six; understanding that money is finite and must be allocated comes later, usually seven to nine, and it is learned by running out rather than by being told.

Provision varies enormously between countries and between schools within them, and even where financial education is on the curriculum it is often delivered in a few lessons. Assuming it has been covered is a common and costly error.

That a small recurring cost is a large annual one. It is the concept that transfers most directly to adult life, it is easy to demonstrate with a real subscription, and almost nobody teaches it before it matters.