Five-year-olds will start off learning how to identify different banknotes, and by 16 will be taught about mortgages and loans.
Under a new personal, social, health and economic (PSHE) curriculum all pupils in England, aged five to 16 will be given financial literacy lessons.
From seven to 11, youngsters could learn about managing bank and savings accounts, and how to budget.
In secondary schools, from the age of 11 to 14, pupils could be given lessons on credit cards, mortgages and loans, or about managing household finances, such as bills.
And 14-16-year-olds could be taught about debt and how money problems can have an effect oN people.
Schools secretary Ed Balls said: "It's vital that all young people leave school with a basic understanding of how to manage their money sensibly.
"So it's really important that we teach our children about money matters like pensions, responsible saving and effective money management."
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