Slovak Financial Executive Discusses Teaching Children About Money Management

Juraj Hrbatý, executive director of Slovak investment company Finax, provides his children with an 11-euro weekly allowance while teaching them financial literacy from an early age. In a podcast interview, Hrbatý explained that his sons are already saving for retirement and that he uses practical examples to help them understand money's value. When discussing items costing 50-60 euros, he tells his children that an average person must work an entire eight-hour day to afford such purchases, asking them whether they would be willing to work a full day for the item in question. The finance executive emphasized the importance of discussing money matters with children from a young age as part of their education.