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That initial job can also serve as an ideal springboard to talk money management with your kids and help strengthen their financial knowledge.
Parenting expert Alyson Schafer shares the best way to deal with kids' allowance.
Are your kids dying to go on a special trip? Want a new computer or basketball net? Try 'saving' as a family. Have your kids help you save, and let them help you make smart choices so that you can save towards the common goal.
The average Canadian owes $1.54 for every dollar earned. Being debt-free or eliminating debt is more than merely a financial battle; for many, it's emotional, psychological and habitual. That's why learning smart spending habits is crucial from a young age. Getting your kids involved in financial planning and shopping gives them impactful, hands-on experience in budgeting. Here are some great tips to teach your younger and university-aged children to budget and save.