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1 a Dealing with Dollar $ workshop Children and Money.

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Presentation on theme: "1 a Dealing with Dollar $ workshop Children and Money."— Presentation transcript:

1 1 a Dealing with Dollar $ workshop Children and Money

2 2  Canadians have record levels of debt  Our instant gratification culture  Good money habits last a lifetime  Even young children can learn the value of money  You don’t have to be a financial expert to teach good money management skills

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5 5  Talking about money – yes, do it!  Positive vs. negative – an asset or stress

6 6 Small steps and teachable moments…  Start close to home  Talk about money  Use actual money  Use every day examples

7 7  Chores or no chores?

8 8  Let them make mistakes  Offer chances to earn extra income  Take them to the bank to open their own account  Let them see you making decisions about money  Play games together  Yard sale

9 9  Encourage teens to look for work  Help them develop a budget from that job  Discuss post secondary and career options  Give them a budgeting task  Credit cards and debit cards  Prepaid cards  Cell Phones  Teach them about Identify Theft

10 10 Lots of options

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