BC Parent News

A good lesson for children to learn early on is the power of saving. That $20 bill Grandma gave them can supplement their allowance, allowing for a bigger purchase in the future if they save it now. To help demonstrate the benefit of saving, brainstorm some ideas with your child about what they might want to save up for. Remembering to keep things fun will yield the best results when teaching young children about money. 

You can kickstart financial literacy at home with books designed for every age to teach your kids the ins and outs of money management.

Here are some things to consider when getting a loan.

If you’re looking for a helpful app to get started check out Mydoh, powered by RBC. It is a helpful tool to educate and show your children the comings and goings of their money while learning how to make smart money choices. It’s a money management app and Smart Cash Card (which includes a digital and physical Visa Prepaid Card ) that helps kids make their own earning and spending decisions — instilling values that help build a strong foundation for the future. Kids can learn responsibility, earn money through tasks and allowances, and spend responsibly using the Smart Cash Card. 

silent alarm of a much-needed diaper change. While you and your other half grapple with who’s taking the night shift and who gets some extra shuteye, a conversation about money will feel like your last priority.  

Providing for a family is stressful. Minimizing debt, creating a budget and saving for post-secondary education ASAP are strategies that can help.

Financial psychologist Bradley Klontz and his partner Sonya Britt believe the answer to that question is as complicated as we are. They say that the way we respond to money and the world around us is shaped by the generational forces of our family, culture, and socioeconomic backgrounds.

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