2 answer(s) found.
As per my experience, that must be the first time they get used to spending them. You know kids are likely to go overboard. At the first time they start to handle it. And when not having to penny to rub together. That’s time they realize the money significance.
I don’t think there is a particular age as it varies depending upon their upbringing. Typically children begin to understand the value of money between ages 5 to 7. By this age they realize that money is needed to buy things and must be earned or saved.