Financial literacy is an essential skill that helps children develop money management skills, promotes financial independence, and enables them to make informed financial decisions. It is important for children to learn about Financial concepts and principles at an early age to set them up for financial success as adults. The lack of financial education is…
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…
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.
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.
Experts now agree: Itโs never too early (or too late) to teach kids about money. Money is an excellent teaching tool โ and kids will learn about money whether you take an active role in that education, or not. The great news is that the daily routine of managing budgets, paying bills and finding that…
Kids are starting on the money track sooner than their parents did, but itโs not helping them to manage money on their own any sooner, says a new CIBC poll. The poll, which surveyed Canadian parents with children aged 24 or under, found that on average, kids are opening bank accounts, receiving allowances, managing their…
To help with tax season, we've received some expert advice from the CRA on how to maximize your returns if you are part of the sandwich generation.
