Which of the following is NOT a suggested strategy for teaching children finance?

The correct answer highlights an approach that is not beneficial for teaching children about finance. Prohibiting discussions about money reflects a negative attitude towards financial education, which can lead to confusion or misconceptions about financial matters. Engaging in conversations about money is crucial for children to develop a healthy understanding of financial concepts, practices, and values.

In contrast, utilizing real-life scenarios, providing allowances, and discussing savings goals are all effective educational strategies. Real-life scenarios allow children to apply financial concepts to situations they might encounter in their everyday lives, facilitating a practical understanding of money management. Providing allowances introduces the idea of earning and managing money, giving children hands-on experience with budgeting and spending. Discussing savings goals helps children learn the importance of setting objectives and planning for future expenses, which fosters responsible financial habits. Thus, avoiding discussions about money undermines the essential financial literacy that children need to develop.