Should allowance be tied to chores?

March 20, 2013 by 4 comments

Based on my research parents are divided on this issue. One group believes that allowance should not be tied to chores. Children are part of the family unit, and as such have certain family responsibilities, which they should not be paid for. The children need to understand that as they ...

Continue reading...

The Importance of Allowance

March 18, 2013 by 4 comments

If you are a parent, and even if you do not read anything else written by me or on teaching money management to kids, please at least read this.

The most important lesson you can give your child on money management is through their allowance. The allowance is to be ...

Continue reading...

Was I just mugged?

March 17, 2013 by 4 comments

Today I took my daughter to see Disney’s Princesses on Ice. This was a big event for my three and a half year old. She made sure she was wearing Princess Belle’s dress and tiara. She also gave me detailed instructions how to pull her hair back in an updo ...

Continue reading...

Free Money for Post-Secondary Education

March 12, 2013 by Leave a comment

Do you know that if your net family income is $42,707 per year or less, each of your children born in 2004 or later may be entitled to $2,000 for their post-secondary education?

No strings attached.  The money is available under the Canadian Learning Bond program. The way this works is that the ...

Continue reading...

Let’s get cultured for FREE

March 11, 2013 by Leave a comment

Did you know that with your Toronto Public Library card you can take out a pass for your family to explore the best of Toronto's arts and cultural treasures for free?  The participating venues are:

  • AGO - Art Gallery of Ontario
  • Bata Shoe Museum
  • Black Creek Pioneer Village
  • ...

Continue reading...
Published in Free Stuff, Save Money

Debit Card Please

February 24, 2013 by Leave a comment

Few years ago I was teaching grade 7 class about debit cards. I still remember the children’s’ faces as they were listening intently to every word I was saying. Kids are fascinated with the plastic cards from their parents’ wallets. They love holding and playing with them. Plastic makes them ...

Continue reading...

The Most Important Thing in Life

February 19, 2013 by Leave a comment

The most important thing in life

Today my kids wanted to go to our neighborhood dollar store to buy some toys with their allowance money. I used this opportunity to talk to them about money on the way to the store and back. I repeated some basic concepts. At one ...

Continue reading...

Valentine’s Day – Part 2

February 14, 2013 by Leave a comment

Here is continuation of the yesterday's post on how to have a great Valentine's Day with your significant other without breaking the bank.

For this you will need babysitting help from grandparents or a friend:

  1. Take a bubble bath together. Play some music. Dim the lights or light some ...
Continue reading...
Published in Save Money

Valentine’s Day – Part 1

February 13, 2013 by Leave a comment

I just finished reading an article by Forbes that Valentine’s Day is $18.6 billion dollar holiday. There is no doubt that this holiday has turned into money making machine. Just buying some chocolates and greeting cards for immediate family members and your children’s classmates can cost you at ...

Continue reading...
Published in Save Money