Financial planning expert Stoy Hall advises parents to teach children money management skills from a young age. Hall recommends regular discussions about finances, such as monthly meetings. Some families utilize specialized banking apps designed for kids, which offer a range of tools and educational content.

These apps can provide a comprehensive approach to learning about money, including investing and account management. Hall has personal experience with one such app, using it to teach his own children.

Further information on teaching kids about money and using banking apps for educational purposes is available from financial experts like Hall, who share their insights and recommendations on the topic.