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…
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…
After spending the last 5 weeks talking all about Early Retirement – I’m dying to get back into talking about kids financial literacy, and more ways for us parents to give our kids the tools they’ll need to lead a financially secure and fulfilling life. This week we’re going to…
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…
What is the word you hear Baby Boomers and Gen X’ers use most often to describe Millennials and their children? Entitled. Sadly they aren’t wrong. Since the birth if the baby boomers, each subsequent generation has had substantially increasing advantages and opportunities. Unfortunately those increasing opportunities don’t seem to equate…
There is no doubt that our current educational system is drastically lacking in it’s ability to teach our kids about money, let alone how to properly manage it. But, blaming our schools is a bit of a cop out. At the end of the day it’s our job as parents…