We need to teach children about the value of a euro  

Parents should lead by example and bring real-world money management into children’s lives.

Picture: iStock 

The Competition and Consumer Protection Commission (CCPC) is calling on parents nationwide to check out its dedicated Parents’ Hub on its Money Matters website (moneymatters.ccpc.ie). This has been expanded with additional resources to help parents/guardians support second-level students who want to ‘school up’ on personal finances, while studying from home.

CCPC deputy director of communications Muriel Dolan says introducing financial education as early as possible is fundamental in children’s lives. She points to a 2013 Cambridge University study conducted for the British Money Advice Services, which found adult money habits can be set by age seven.