Below are some of our additional resources on teaching children value of money.
Recipe for raising financially-literate kid
Preparation time: 20 years
At least one child (more if you are up for the challenge)
Various investment vehicles of your choice (i.e. stock, GIC, etc)
This is one of those recipes that may turn you off because of the amount of work involved and the length of the preparation time. However, making anything great requires time and effort, and the end result makes it all worth it.
Start off by teaching your baby/toddler to take care of his toys. To continue reading, click here.
NOVEMBER IS FINANCIAL LITERACY MONTH: WHAT THAT MEANS FOR YOUR CHILDREN
Financial literacy is an important life skill. Few people are born with the intuit ability to effectively manage money. The rest of us had to learn it. If you were lucky, your parents or someone else taught you the ropes of personal finance. If not, you had to learn through potentially expensive and frustrating trials and errors. As parents we want to spare our children from hardships in life and don’t want them to repeat our mistakes. So when it comes to money, it is very important to teach our children how to manage it. Start educating them as soon as they begin to ask for things such as toys or candy. To continue reading click here.
For this interesting interview how to teach kids financial literacy, click on the link below then select volume 29 Financial Literacy and Spending.
This guest podcast has a bit of a twist. Its goal and hope is to inspire aunts, uncles, grandparents, godparents, etc. to participate in teaching value of money to children that they care about as it takes a village to raise a financially independent child. However, there are still lots of useful money teaching tips for parents in this episode.