December 2013

How to Explain Foreign Currency to Kids

December 30, 2013 by Leave a comment

Over the holidays we had very dear family friends visit us from abroad.  They gave our kids money instead of gifts.  Our children were so excited and didn’t realize that they got Euros instead of Canadian dollar bills. All they talked about was the toys they will buy.

I thought ...

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Prepaid Credit Cards for Kids & Teens – Yey or Ney? (Part 2 of 2)

December 18, 2013 by Leave a comment

To read the first part of this post, please click here.

Disadvantages:

• Prepaid credit cards cannot be registered for regular or recurring payments like your mobile phone or cable bill. • A car ...

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Prepaid Credit Cards for Kids & Teens – Yey or Ney? (Part 1 of 2)

December 17, 2013 by Leave a comment

In light of upcoming holidays a dear family member asked me if I thought it would be a good idea that she gifts my children prepaid credit cards such as MasterCard, Visa, etc. She explained that she wanted to gift them something that will teach them about financial literacy.

I ...

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Letter to Santa can provide financial lessons

December 11, 2013 by Leave a comment

Who would think that kids can learn financial lessons by writing a letter to Santa? These lessons are fun and interactive. Here is what you need to do.

Provide your kids with lots of flyers. The really good ones are from Toys R Us, Mastermind Toys or Wal-Mart. Talk to ...

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