However, the harsh reality is that if you send your child out into this world without a decent understanding of money these days, they are way behind the eight ball.
Ages ago I remember reading a really big article about how to teach children about money. People often stay poor because they are not taught about financial matter and they do not learn the common practices of staying financially solvent and on the up. Rich people stay rich because they can manage money and they know the tips and tricks. to poor people some of these things are totally alien. So it is important to get a sensible financial plan and pass it on to the next generation. In my experience you might be hitting your head on a brick wall for a while, but eventually the good advice sticks!