“Financial literacy” is one of those phrases that keeps popping up. We hear about it in schools, in the media and we read about it in newspapers and blogs. It is a hot topic in educator boardrooms and at kitchen tables around the globe. Research shows that kids need to… Read More »Breaking News! Financial Literacy for Kids is a Hot Topic!
Are allowances the right thing to do with kids? And if so, how much? There is alot of opinion on the matter. Here is some food for thought on both sides of the coin… On the one hand, kids need to learn about money somehow. How are they supposed to… Read More »Allowances… Yes or No?
Money Lesson Alert: Keep Looking! My son recently asked for a very expensive birthday gift. He wanted a super high end art marker set. 36 colored art markers for over $200. I told him to keep looking. He searched the internet and art store flyers. He watched all kinds of… Read More »Always Look Around
Who has seen or lived this scenario? … Multiple kids in multiple sports, running to arenas and fields and studios every night of the week. Kids who want to try everything and put in tons of effort and endeavor into anything they try? But… when it comes to mowing the… Read More »100% Effort All the Time?
When we give anything, it feels good. Time, money, a helping hand… That feel-good rush is important and in fact, an essential part of learning about money handling and social responsibility. We need to give in order to understand value and reach. Just think about the charity campaigns that spell… Read More »Giving is Growing!
Heinz Ketchup, Kleenex tissues, Campbell’s soup, Nike shoes, Pampers diapers? We all have our favourites. Would you abandon them for a sale priced item? Have you ever thought of brand loyalty in terms of banking? No matter what financial institution or company you deal with, the more loyal you are… Read More »Brand Loyalty and Money
He is a professional man, very successful in the business world. He is always busy pulling in and out of his garage going to and from work. Always dressed in a tailored business suit and always carrying his leather briefcase. Rarely do we get more than a nod, simply because… Read More »The Power of a Handshake
Spending is how your kids learn! Saving is very important too… But greater lessons come from spending. I know, I know… It is sometimes hard to watch them make a poor purchase. Either they are spending too much on something you know they will lose interest in… or they are… Read More »Spending is Learning!
Talk to them about the importance of planning ahead (not for a pandemic, but for an emergency). Talk to them about saving for a 3 month runway. You never know when you will need it. Raising financially savvy children starts with education. They don’t learn about money handling skills out… Read More »Talk Openly and Honestly About Money With Your Kids!
1. Talk openly about money, jobs, the economy & current events. 2. Don’t give them money, teach them how to earn it. 3. Discuss the cost of things (groceries, everyday items) 4. Guide their money choices, don’t make choices for them. 5. Explain the term “value” (what is something worth… Read More »10 Ways to Give Your Child a Bright Financial Future!