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.




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


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


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


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]

World »

CBC IN ISRAEL Africans in Israel worry deportation plan could be a death warrant
Israel is offering nearly 40,000 Africans living in the country a choice: be sent to a detention facility, or be deported to an African country with a plane ticket and a cheque. As correspondent Derek Stoffel reports, some Israelis say the plan goes against Jewish values.
Analysis What could start the next war? 'Accident, miscalculation, blunder'
An insistent alarm is being raised over the rising probability the world will trip into its next major conflict rather than deliberately march into it.
CBC IN SOUTH KOREA Meet Kim Jong 'Um,' the Kim impersonator angering North Korea's Olympic delegates video
Australian performer Kim Jong "Um" is drawing a lot of attention at Olympic Games venues for his impersonation of the North Korean leader. He says he also earned a kick from angry North Korean delegates.
more »

Canada »

B.C. mother whose 2 sons overdosed urges doctors to check prescription history
Helen Jennens says the deaths of her sons, Rian Leinweber and Tyler Leinweber could have been prevented if doctors had checked their drug histories on B.C.'s unique real-time database PharmaNet.
Becca Schofield, N.B. teen who inspired #BeccaToldMeTo campaign, has died
Becca Schofield, the teen whose campaign to spread kindness became a global movement, has died.
2 killed in Grand Rapids, Man., trailer fire hours after protest demanded better living conditions
A Manitoba man woke up to learn his mother and her partner were killed in a fatal trailer fire on his reserve just days after setting up a tent to protest poor living conditions on his First Nation.
more »

Politics »

Analysis Jagmeet Singh doesn't want to be timid, but it's still not clear how bold he will be audio
With delegates to the NDP policy convention cheering for the promise of proportional representation, Jagmeet Singh declared that "the time to be timid was over" and then he spoke of "courage." But the extent of Singh's courageousness is still taking shape.
Liberals to dig deeper, aim higher on gender equality in 2018 federal budget video
The Liberal government is trying to move beyond the obvious in its quest for gender equality, thinking outside the daycare box to more thoroughly examine how the federal budget would impact men and women in different ways — even before committing to a dime of spending.
Sajjan asks Trudeau to meet Indian politician who accused Canada of Sikh separatist sympathies
The Canadian government is now seeking a meeting with the Indian politician who publicly accused members of Trudeau's cabinet of being connected to the Sikh separatist movement.
more »

Health »

Sorry - we can't find that page

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»

Black Panther's inspiring $192M weekend — in more ways than one
Black Panther has not only taken the box office by storm during its opening weekend, but has inspired movements ranging from fashion to voting.
Three Billboards Outside Ebbing, Missouri wins best film at BAFTA Awards
The unofficial dress code Sunday at the British Academy Film Awards was black as Three Billboards Outside Ebbing, Missouri took the top award of the night.
Hedley allegations put spotlight on music industry in wake of #MeToo
Allegations of sexual misconduct swirling around pop-rockers Hedley have put the spotlight on an industry long defined by the mantra of sex, drugs and rock 'n' roll — but several music veterans believe a powerful change is already well underway.
more »

Technology & Science »

Neptune's mysterious storm shrinking out of existence
Like Jupiter's Great Red Spot, Neptune has had its own raging storm. Astronomers using Hubble have discovered that this once-enormous storm is rapidly shrinking.
B.C. man gets 'once-in-a-lifetime' job managing world's largest telescope in Chile
A man from the South Okanagan is about to become the boss at the world's largest telescope observatory located in Chile.
Bob McDonald's blog Are young people losing face time to screen time?
The evidence suggests that children are getting too much screen time - and it could be affecting them as adults.
more »

Money »

'Slippery slope': Opposition mounts to Canadian media's plan to block piracy websites
Opposition is mounting to a coalition’s plan to block Canadians from accessing piracy websites. Many Canadians fear that the plan — backed by media companies such as Bell, Rogers and CBC — could lead to rampant internet censorship
Landline phone scam and luxury car purchases: CBC's Marketplace consumer cheat sheet
Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need.
Canadians take more money out of retirement savings to pay for expenses: survey
Canadians are withdrawing more money from their retirement savings to pay for short-term expenses despite the tax consequences, according to a new bank survey.
more »

Consumer Life »

Sorry - we can't find that page

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]
Tessa Virtue, Scott Moir break short dance world record
Canadian ice dancers Tessa Virtue and Scott Moir were on their game in Pyeongchang on Monday, eclipsing their own world-record in the short dance at the Winter Olympics in South Korea.
Live Watch CBC's Olympic Primetime
Watch Day 10 coverage of CBC Olympic Primetime, featuring Tessa Virtue and Scott Moir in the ice dance competition as well as both women's and men's curling action.
Rachel Homan hammers Japan to move Canada into curling playoff mix
Rachel Homan has put Canada's women's curling team into playoff contention with an 8-3 win over Japan at the Pyeongchang Olympics.
more »

Diversions »

[an error occurred while processing this directive]
more »