Story Tools: PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK

Kids and cash

Child psychologist Melanie Barwick says as soon as kids are old enough to consciously observe their parents' spending habits, they begin to form similar impressions of the value of money. Essentially, what kids need to learn about saving money, making it grow and spending it wisely begins at home. Here are some tips on guiding your child through the money maze.

How do you teach your children the value of money? Did your parents teach you how to handle money?

Share your thoughts.

« Previous Post | Main | Next Post »

This discussion is now Open. Submit your Comment.

Comments

AM

Winnipeg

My parents taught us to value money by having us kids work for it. We never got an allowance, but were encouraged to save birthday/xmas money. With 4 kids, we never got what we wanted all the time either - they actually said NO to us. When we were old enough to get jobs like babysitting - we were told that was your movie/treat money so don't ask for more. New school clothes, shoes and supplies were always paid for by my parents, but we had to choose ONE outfit not an entire name brand closet. The chores were always plentiful at Grandma's house and she paid us to do them. Once again, we had to work for it.

We were involved in Scouts and Guides a lot so knew for all those trips we needed to raise money to pay at least part of it. Not to mention all the school band/choir trips we needed money for. We knew the value of money by the time we left home. We also had 4-5 years work experience to put on our resume by the time we turned 18.

Posted April 6, 2008 10:32 PM

« Previous Post | Main | Next Post »

Post a Comment

Disclaimer:

Note: By submitting your comments you acknowledge that CBC has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published, and those that are published will not be edited. But all will be carefully read, considered and appreciated.

Privacy Policy | Submissions Policy

Health Blog »



Recent Posts

Ask an expert
Tuesday, June 10, 2008
Regulating natural health products
Wednesday, June 4, 2008
Gardening injuries
Wednesday, May 21, 2008
Kids and 'frienemies"
Wednesday, May 7, 2008
The healing body
Wednesday, April 23, 2008
Subscribe to Health Blog

Archives

June 2008 (2)
May 2008 (2)
April 2008 (4)
March 2008 (2)
February 2008 (4)
January 2008 (3)
October 2007 (1)

Categories

Ask an expert (1)
Diet and nutrition (3)
Fitness (2)
Medicine (3)
Naturopathic medicine (2)
Nursing homes (1)
Nutrition (1)
Psychology (2)
Youth (1)
[an error occurred while processing this directive]
Story Tools: PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK

World »

Analysis Sarah Palin's scorched-earth plan for the GOP
The former Republican shooting star bombed in Iowa, but her challenge to the party to move more boldly rightward has some serious allies, Neil Macdonald writes.
ISIS deadline passes without prisoner swap for hostages Kenji Goto, Muath al-Kaseasbeh video
The fates of a Japanese journalist and Jordanian military pilot remain unknown, several hours after the deadline set by the Islamic militants holding them captive passed with no word on a possible prisoner swap ISIS demanded by ISIS.
Benedict Cumberbatch calls for mass pardon of gay men in U.K.
Oscar-nominated actor Benedict Cumberbatch has joined others in calling for the British government to pardon gay and bisexual men convicted in the past under the defunct "gross indecency" law.
more »

Canada »

Hamza Chaoui's Islamic community centre won't get permit audio
Controversial imam Hamza Chaoui will be denied a permit to establish his Islamic community centre in a borough in east-end Montreal.
Winter storm hits Maritimes
Another winter storm is passing through the Maritimes, causing flight cancellations and dangerous road conditions.
Mark Henick uses social media to find the person who saved his life
A Toronto man originally from Cape Breton took to social media this week to find the person who saved him leaping off an overpass as a teenager in 2002.
more »

Politics »

Analysis Bill C-51 aims to 'remove terrorist propaganda' from internet video
The Canadian government is proposing provisions for "removal of terrorist propaganda" from the internet, which follow similar efforts in the U.K. and Australia. Free speech advocates are critical of all three efforts.
NDP, Liberals post best fundraising results in 10 years
The New Democrats and the federal Liberals posted their best fundraising results in a decade last year, but the ruling Conservatives still fundraised more than either of the opposition parties.
Analysis Stephen Harper takes aim at terror, opposition gets dinged video
The rollout of the new terror legislation went well, mostly. The prime minister's speech was clear and well staged. A friendly crowd applauded on cue. But it wasn't all statesman, all the time. It's an election year, after all, writes Terry Milewski.
more »

Health »

Sorry - we can't find that page
 
CBC.ca

Sorry, we can't find the page you requested.

  1. Please check the URL in the address bar, or ...
  2. Use the navigation links at left to explore our site, or ...
  3. Enter a term in the Quick Search box at top, or ...
  4. Visit our site map page

In a few moments, you will be taken to our site map page, which will help you find what you looking for.

more »

Arts & Entertainment»

Benedict Cumberbatch calls for mass pardon of gay men in U.K.
Oscar-nominated actor Benedict Cumberbatch has joined others in calling for the British government to pardon gay and bisexual men convicted in the past under the defunct "gross indecency" law.
Michael Jackson's mother, Katherine Jackson, loses appeal against AEG
A California appeals court on Friday upheld a jury's decision that the promoter of Michael Jackson's ill-fated comeback concerts was not responsible for his death.
Streaming music: a villain or saviour for local labels?
People just aren’t buying music the way they used to - and in an industry that has floundered for years while searching for stable methods, digital streaming has emerged as a behemoth that’s about to eclipse all the traditional ways we listen to music. So where does that leave local labels?
more »

Technology & Science »

FCC's new broadband internet target leaves Canada behind
Internet speed now has to be a lot faster in order to qualify as advanced broadband in the U.S. — five times faster than high-speed broadband in Canada.
Audio Geckos in Namibia evolved to lose sticky feet in desert
Move it or lose it. In the case of geckos studied in Namibia, it's an adage that seems to have stuck.
Fracking linked to 4.4 magnitude quake in Fox Creek
Alberta's energy regulator says a significant earthquake in the province last week was likely caused by hydraulic fracturing. Scientists say that if that's true, it will have been the largest earthquake ever to happen as a result of an industrial operation.
more »

Money »

Tim Hortons job cuts, loonie's latest low & Coke's new recipe: BUSINESS WEEK WRAP video
From Tim Hortons serving a bitter jolt to long-serving employees, to Canada's loonie plunging below 80 cents before diving deeper still, it was an eventful week in business news. Good thing the CBC's Jacqueline Hansen is here to get you caught up in our weekly video recap of the week that was.
Energy earnings: How bad will they get?
Canadian Oil Sands surprised no one this week when it reported sharply lower earnings and a massive cut to its dividend. But as energy earnings season gets fully underway next week, the hope is that report won't be representative of the entire sector.
Greece, EU creditors in open dispute over debt demands
Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens.
more »

Consumer Life »

Sorry - we can't find that page
 
CBC.ca

Sorry, we can't find the page you requested.

  1. Please check the URL in the address bar, or ...
  2. Use the navigation links at left to explore our site, or ...
  3. Enter a term in the Quick Search box at top, or ...
  4. Visit our site map page

In a few moments, you will be taken to our site map page, which will help you find what you looking for.

more »

Sports »

[an error occurred while processing this directive]
Preview NHL: 5 things to know for Saturday
The Toronto Maple Leafs carry an eight-game losing streak into Philadelphia while Montreal seeks a fifth straight win, Winnipeg looks to get back on track and Edmonton and Calgary add another chapter to the Battle of Alberta.
Australian Open: Serena Williams beats Sharapova in women's final video
Serena Williams won her 19th Grand Slam title, continued her unbeaten run in six Australian Open finals and extended her decade-long domination of Maria Sharapova with a commanding 6-3, 7-6 (5) win on Saturday.
Super Bowl XLIX: Seahawks or Patriots? video
A titanic matchup is on tap for Super Bowl XLIX on Sunday in Arizona, with the New England Patriots and Seattle Seahawks — the top seeds in their respective conferences — battling for the NFL championship. Who will win? Two of our writers take sides.
more »

Diversions »

[an error occurred while processing this directive]
more »