Debt is a dominant force in many households and keeping it secret from children is not a good idea, according to money specialists.
Discussions about debt can start before children begin school, says Rise High Financial Solutions director Marissa Schulze.
Its never too early for parents to start teaching their kids about being debt sensible, she said.
Five golden rules for paying pocket money
When young kids see us paying with credit cards they dont realise thats money we have to pay back.
Parents could explain this to children aged between three and six, Ms Schulze said.
Board games can help educate them, too.
Ms Schulze said while Monopoly was a great game to teach children about buying assets and building wealt…
Read the full article at: https://www.news.com.au/finance/money/how-to-teach-children-about-debt-in-a-creditmad-world/news-story/8ef4a220f4016b81e1c1b8cbec61a3fe