Allowance

Recipe for raising a financially-literate kid

March 5, 2014 by Leave a comment

 

Do you want to raise a financially savvy kid?

If yes, you should read my recipe that I wrote for Kids in the Capital - parents & kids website:

Recipe for raising a financially-literate kid

Preparation time:  20 years

Ingredients:

  • At least one child (more if you ...
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Teaching delayed gratification and saving

February 25, 2014 by Leave a comment

I just read an article by Tamar Satov  for CPA magazine Financial Decisions Matter. She is considering giving her eight year old son an allowance raise, but wondering if that will lead to him spend more rather than save. She shares that her son has learned a lot ...

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A Letter To My Parents From My Tween Self

November 23, 2013 by 2 comments

Have you ever wondered what to talk to you tweens about when it comes to money? What is it that they want to know? Well, wonder no more! You can find out what tweens want to learn about personal finance from my letter that I wrote for Tweenhood online magazine.

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The Importance of Financial Literacy

November 15, 2013 by Leave a comment

We all know that being money smart is important life skill. Some of us have developed it on our way to adulthood and some of us haven’t.  Those who haven’t, are going through a nightmare of trying to make ends meet, dodging bill collectors phone calls and having sleepless nights.  ...

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November is Financial Literacy Month

November 12, 2013 by Leave a comment

November is financial literacy month and one of my articles on teaching kids financial literacy was published in CanadianMoMEh online magazine.

I believe that you will enjoy it. Here is the link:

http://www.canadianmomeh.com/financial-literacy-month/

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How Can Kids Make Money at Home

October 7, 2013 by Leave a comment

If you had read my blog from March 20, 2013 you know that parents have a choice when it comes to tying the chores to allowance. This blog is written for those parents who chose not to tie chores to allowance. These are ...

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How to Teach Kids to Save

September 20, 2013 by 2 comments

We all understand the importance and benefits of saving, but that needs to be communicated and taught to our children. Saving is a form of a delayed gratification. It is discipline, which should be taught from an early age, so that it becomes a habit.

Here are practical tips and ...

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The Best Educational Video on How to Count Coins

August 1, 2013 by Leave a comment

I came across this video and I was very impressed with this fun and easy technique that teaches kids how to count coins.  Check it out! It is only few minutes long. Please let me know if you have enjoyed it as much as I have.

 

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Teach Kids About Money Without Allowance

July 29, 2013 by Leave a comment

Often people tell me that they cannot afford to give their kids an allowance. Since allowance is the foundation of teaching children about money management, they ask if there is anything else they can do instead.

Please understand that managing allowance is the best experience your child can get when ...

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Why Teach Kids to be Financially Literate

July 24, 2013 by Leave a comment

Are you teaching your children money management? If not, please start, and here is why:

1)      Who taught you about money as you were growing up? This is a question that I frequently ask parents, and most of the time the answer is “I taught myself”.  If this is your ...

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