Your child is in sixth grade. Ages 3 to 4.

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As their understandings grow most children are ready to count money by first or second grade.

What age should a child know how to count money. Open a savings account by age 9 kids are old enough and self possessed enough to understand the concept of saving money for items they need and want. Start by having them count and sort coins. Introduce the concept of money and exchanging it for goods the best time to start teaching your kids about money is the age they begin to count says joy liu a trainer at a financial planning company called the financial gym.

This is the right age not only to set. Basic understandings most children are exposed to coins in preschool or kindergarten. By now according to money as you grow children should understand the concept of saving including what compound interest is.

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