Children are innocent and can easily be moulded in the way one wants, which is a very important thing that needs to be understood these days. A very commonly heard word these days is financial literacy which means to have a good understanding of money and where one should properly use it. The key areas that one should pay attention to are budgeting, investing, credit management, personal financial management, etc. People usually have this perception that once a person faces the world and becomes financially stable then that’s the right time to know financial literacy but that’s a wrong perception because a child can be well trained from his or her very youth regarding the value of money. Whether it comes to managing as small chores as managing their pocket money and cutting down their day-to-day unnecessary expenses.