Children will be better at managing their money if they understand why they want a product.
This is the assertion made by Kim Stephenson, occupational psychologist and author of Taming the Pound: Making Money Your Servant, Not Your Master, who observed that "why is a more powerful question than how".
He added because of this, any decent financial education should begin by teaching youngsters to question their motives for wanting items.
If they can develop a logic behind their thinking, then chances are they will be much more careful with their finances.
Prime Minister David Cameron has come out and said the government is considering whether or not to make it compulsory for kids to be taught about money in school.
According to Mr Stephenson, forcing youngsters to answer why questions will make them "face issues such as their priorities in life".
This in turn will encourage them to develop their life skills, leaving them better positioned to seek out the best deals possible and understand key financial terms such as APR.