Beyond summer camps and classes: lifelong money lessons for your child

“Giving children a budget to work with, especially exploring decision-making and problem-solving, can act as developmental tools. This can also create a sense of achievement and emotional regulation, when the immediate gratification is taken away,” says Reyma P. Reji, psychologist and research scholar based in Kochi. Further, Reyma also mentioned that involving them in summer activity spending can help children understand and differentiate between cost and value.