Financial planning expert Stoy Hall advises parents to teach kids about money management early on. He recommends starting when they are young, including regular discussions about finances. Some families utilize specialized apps to help kids learn about banking and investing.

These apps can provide a range of tools and educational content. For example, one such app offers interactive courses to teach kids about money.

Further guidance on teaching kids money habits is available from financial experts like Hall, who shares his own experiences using these tools with his children.