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Milestone Decision/3-6 Years Old/Health, Protection & Finance

How should I teach my child about money?

2712 moms shared how they navigated this decisionRight on time for 👦 3-6-years-old

3 approaches by moms

Physical Tabung45% moms chose this path
Using clear jars or traditional piggy banks to collect physical coins.
Suits Moms who want a visual, tangible way to explain saving to toddlers. Kids love the clinking sound of coins but might lose interest once the jar is full.
RJ
Rosmah J.. · Working mom · 4-year-old
Bought a clear jar from Mr DIY so he can see the coins pile up. He gets so excited putting fifty cents in daily.
GM
Goh M.. · SAHM · 5-year-old
We use three separate tabungs for saving, spending, and giving. It is messy sometimes but really helps her understand basic budgeting early on.
Supermarket Practice30% moms chose this path
Letting kids hand physical cash to cashiers during real grocery runs.
Suits parents who prefer teaching through everyday errands rather than structured lessons at home. It builds confidence, though you must endure slower checkouts at Lotus's or Speedmart.
SW
Salina W.. · First-time mom · 6-year-old
I let him pay for his own Yakult at 99 Speedmart using one-ringgit notes. The cashiers are usually patient, and he feels so grown-up.
SD
Shalini D.. · Working mom · 5-year-old
Started giving her a RM5 budget for snacks. She quickly realised she cannot buy everything and has to put the expensive chocolates back.
Chore Rewards15% moms chose this path
Paying small amounts of pocket money for completing simple household tasks.
Suits families wanting to link effort directly to earning money from a young age. It requires consistency from parents to track and pay out the small rewards.
FG
Fatimah G.. · SAHM · 6-year-old
I pay him RM1 for folding his own clothes. Sometimes he is lazy and skips it, but then he complains when he has no money.
LK
Letchumi K.. · Experienced mom · 4-year-old
We use a sticker chart where five stars equal two ringgit. It works well for toy cleanup, though I occasionally forget to give the cash.

Expert guidance

Early financial education helps children grasp the value of money and prevents poor budgeting habits later. Platforms like iMoney and RinggitPlus recommend practical activities like using physical piggy banks, paying cashiers, or earning chore allowances. What matters most is starting these lessons around age five and keeping the concepts tangible.

Official sources
iMoney
RinggitPlus

Parenting decisions are personal, and every child is different. The information shared here includes real experiences from moms and guidance from expert and public sources, but should not replace professional medical or healthcare advice.

Not sure which is right for you?
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