How to give your kids the building blocks that will support their future financial savvy, and help them lead happy, productive and successful lives.
Welcome to our final instalment on how to teach your kids about money. This week we are going to tackle what financial concepts to focus on with your pre-teen, as well as plenty of ideas for how to develop those concepts in ways that have real life applications. So let’s…
Welcome to an age where you will start to be amazed at how much your child is picking up when it comes to finance. If you’ve been working at steadily improving your child’s financial literacy, here is where you will turn to your spouse and utter in amazement “S/He is…
Last week’s post was all about laying the foundation for finance with your 0-4 year old. This week we are turning our attention to how we can teach our 5-7 years olds how to be money wizards! Ages 5-7 Years Here’s where the real fun begins! This is an age…
The vast majority of kids finance materials out there address how to teach your teens or tweens about money. The odd piece might address how to teach your 8-10 year old. Here at Freedom 101 we strongly believe in starting much, much earlier – because finance isn’t just about money,…
Happy Monday everyone! To start off the week I want to tell you about a great Canadian FI podcast that’s recently kicked off, FI Garage. Hosted by the witty FI Mechanic, Accountant and the Economist, it’s a not only a great resource, but also super entertaining! Now that’s a winning…
Last week we talked about how great parents allow their kids to fail……intentionally. This week, I want to tell you about the perfect family finance learning tool that will give your kids the IDEAL environment to make mistakes, learn how to adjust and develop their ability to bounce back along…
I feel like this post could morph into a full blown book – there’s just so many areas to delve into on this topic, but I’ll do my best to boil down the salient points into a reasonable read time! If it wasn’t clear by the title, I fall firmly…
As we prepare to ring in the New Year, many people are still contemplating what, if any, resolutions to make moving forward. Often our New Year’s resolutions focus inward, directed towards some form of self-improvement or lifestyle betterment. These resolutions can be extremely positive and impactful, but what about thinking…
It’s no secret that financial based curriculum in the public school system has historically been next to non-existent, but I recently had the pleasure of experiencing a brand new financial literacy program being implemented in some of our local schools. Our oldest son came home incredibly excited and announced that…
Many people like the idea of giving their kids an allowance for doing household chores. I am not one of those people. Unless of course we introduce a universal allowance for everyone that pitches in to maintain the household, then I’m all for it – I’ll make a killing. But…