Via cpacanada.ca
Just like any other lesson our children have to learn as they grow up, lessons about money start at home. While the approach will be different across different age groups, this is a guide on how best to handle general everyday situations and discussions. While it’s never too late to teach children about money, starting early is key, if possible. Having a clear understanding of where money comes from, saving for a big purchase, and understanding the consequences of their purchases will ultimately boost their confidence and go a long way to ensuring that they make wise decisions in the future. Chances are many of us have made money mistakes in the past (who out there can relate to a closet full of shoes that you really don’t need? I know I can!) but teaching our children will hopefully lead to fewer mistakes and a greater appreciation for planning ahead.
