financial literacy

Proud to be a woman

March 8, 2014 by Leave a comment

Not too long ago I remember thinking that we, women inconvenienced ourselves by asking for equality with men. I was a sleep deprived mother of two young children trying to juggle high profile career, motherhood, marriage, and other commitments. I envied women from the past, thinking that they had it ...

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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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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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