personal finance

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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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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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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