children

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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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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Mommy, Please Buy Me This!

November 14, 2013 by Leave a comment

It is important to teach our children to understand and objectively evaluate commercials and advertisements.  We need to explain that the goal of commercials/ads is to trigger our emotions, which in turn will impact our wants, and prompt us to buy items that we may not necessarily need. It is ...

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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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Win an iPod touch, iPad or 13″ MacBook Pro – Contest

November 4, 2013 by Leave a comment

November is financial literacy month in Canada, and in order to promote youth financial literacy, Financial Consumer Agency of Canada is running a contest. By submitting a short video between 30 seconds and 2 minutes, you can win an iPod touch, iPad or a 13’’ MacBook Pro. You have to ...

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Halloween Shopping

October 27, 2013 by Leave a comment

If you are going with your children to buy Halloween decorations, you can use this experience to slip in some financial literacy lessons. These lessons can be taught to the children during any other shopping trips.

First, determine your budget and communicate that with your child. For example, if you ...

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