According to a survey by the Financial Consumer Agency of Canada, 8/10 young Canadians said they are not confident in their knowledge of financial literacy.
That being said, it’s almost never too early to teach your kids about budgeting, debt and saving. You can start by talking about your own finances, this will help put money into perspective. Talking about how you organize your budget, what you’re currently saving for, even how you pay bills, will help make the whole topic clearer.
Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at firstname.lastname@example.org