Money education in life.

Children should be taught about money as early as possible, including the exchange rate of different currencies in different countries. I came up with an interesting idea: on their birthday/New Year, children can receive red envelopes with different currencies from different countries, and they can think about which one is more valuable. Then, they can be taught how to exchange the foreign currency into domestic currency in order to use it (this involves mathematical knowledge). Over the years, children will learn how to use algorithms to distinguish which red envelope is more valuable. When children have collected a lot of money, they can also be taught how to calculate interest, whether it's putting it with their dad (playing the role of a fund investment manager) or their mom (playing the role of a bank), or saving it themselves in cash, and see how much they will have after one year. It helps children understand different methods of handling money, which will affect the value of money.
It is possible to teach children about buying and selling from a young age, in order to learn about the appreciation and depreciation of prices. Through interacting with parents, children can understand what should be bought and what should not be bought. Of course, in addition to using pocket money, children can also use the barter method for transactions.
Instilling a child's money concept from daily life is the first step in financial management. Then, when a child wants to buy expensive items, educating the child to determine the value of the item, as well as whether they have the financial ability to make the purchase (if not enough: how long will it take to buy? Is it better to exchange labor for money or time for money?), and whether such items can create wealth and bring in more money. With this concept, the child will know how to manage existing money and will also find ways to increase it (financial thinking).