Financial literacy might be a lifelong learning journey for many of us, but one of the fundamental aspects of it is understanding the value of money. In this post-covid world, things can be bought at a click of a mouse or a touch of a finger. Making purchases has become a mere routine action rather than a considered decision. Thus, it becomes an uphill task for parents to inculcate the true value of an item. So, how can parents help their child start to be more discerning and be more awareabout money? Here are 5 lessons you can teach your child about money. 1. The difference between needs and wants Climate change is real, and we can all do our part to reduce overconsumption by being environmentally conscious. Start them young by teaching your child the difference between needs and wants. This can help reduce impulse buying and accumulating material goods for temporary gratification....