Many parents are reluctant to talk to their children about money, especially now when their incomes are much lower because of the effects of the national lockdown. 
But these are important lessons to that can help children achieve long lasting financial independence when they are older.
As children get older, they notice their friends’ houses and cars of different sizes and have discussions on the school playground about their different holiday destinations.
When your children start with this line of questioning, its an opportunity to discuss basic financial planning.