India, Nov. 9 -- Money is one of life's necessities. Inculcating financial wisdom from a young age can be beneficial for people. Even toddlers can be taught about financial literacy, which could save them from taking any wrong steps in the future.

April Lewis-Parks, the Director of Financial Education and Communications at Consolidated Credit, told Hola that teaching financial literacy to the kids early means allowing them to see currency as a tool and not a mystery. She further claimed that it is easier to teach good habits from the beginning rather than ensuring that the kids unlearn bad ones later.

The expert continued to reveal that money talks are not a one-time thing. "Money lessons work best when they grow with a child. The earli...