Have an early discussion with your kids about money management
The Minister of State (Finance) Kevin Sorenson and Financial Consumer Agency of Canada (FCAC) Deputy Commissioner Brigitte Goulard, kicked off Talk with Our Kids About Money Day, a financial Literacy campaign for youngsters.
Talk With Our Kids About Money Day encourages parents and teachers to be involved and actively engage in conversations with kids and young adults about money management.
From their first cell phone, to their first credit card, many young Canadians are making financial decisions without proper guidance. Having an early discussion about money will help your kids build knowledge and skills for decision making in their financial future.
Parents can start by modeling good spending behaviour and ensuring your child practices sound money management.
Make sure to discuss money management in a variety of settings and get your child's opinions and input about money both at home and when you are out and about.
There are a number of tools, guides, and support materials you can use to help you get started. Click here for more information.