Finance Lessons For Kids

Finance lessons for kids that promote financial literacy

June 14, 2013

Hey readers! Got a money question, or suggestion for the blog? Tweet us @RateSupermarket with the hashtag #MoneyWise.

The financial lessons we learn in childhood set the stage for our economic success later in life. However, today’s consumer is surrounded by encouragement to spend and rack up credit. What can parents do to cut through this spendthrift static?

For many, financial literacy starts in the home. If you’re looking to impart the value of a dollar on your child, check out our guide to starting the conversation.

3 Tips For Teens: Get a Summer Job

Everyone remembers their first gig – and the sweet feeling of holding their paycheque for the very first time. Employment is a great way for teens to gain appreciation for the value of a dollar, and develop the money management skills they’ll need later in life.

Unfortunately, not all teens are keen to swap the couch for the workplace this summer – but you can help! Check out these top ways to make your teen employable.

Read Allan’s Blog | Get A Summer Job

5 Fun Financial Literacy Activities For Kids

School may be ending for the summer, but the opportunities for learning don’t have to. With so many family outings and trips taking place this season, why not add financial literacy to the mix?

From zoo outings to the week’s groceries, here are some ways to turn daily activities into valuable finance takeaways.

Read Diane’s Blog | Fun Financial Literacy Activities

The 6 Most Important Money Lessons For Kids

According to a poll, half of adults say they learned the most about money management from their parents – yet for many, it’s a challenge to open up to their kids about financial matters.

Looking for a way to broach the topic? Here are six important finance lessons to teach your kids.

Read Melanie’s Blog | The 6 Most Important Money Lessons For Kids

Hot and Fresh Finance Headlines!

Lock In While They’re Low

The June outlook has been released by’s expert panel, and an increase is anticipated for fixed mortgage rates.

Read Kelvin’s Blog | Lock In While They’re Low

Canadians Spend An Average Of $95 On Father’s Day Gifts

A new BMO study shows Canadians spend an average of $95 on Father’s Day gifts. Looking to spoil Dad without breaking the bank? Check out these frugal gift ideas that’ll still make you Dad’s favourite.

Read Penelope’s Blog | Canadians Spend $95 On Father’s Day

Pension Plan Solvency: Good News For Members

Low interest rates lead to higher pension plan solvency, according to The Mercer Pensions Health Index. It’s good news for members of company sponsored pension plans.

Read Sean’s Blog | Pension Plan Solvency 

Is It Possible To Short The Canadian Housing Market?

Finance Minister Jim Flaherty recently expressed disapproval toward those who plan to short the Canadian housing market. How does short selling work, and could it apply to Canada’s market conditions?

Read Rubina’s Blog | Short The Canadian Housing Market

How Property Tax Deferral Programs Can Save Your Home

Property tax deferral programs, created to help seniors maintain affordability in their homes, are gaining traction across Canada.

Read Andrew’s Blog | Property Tax Deferral Programs

TD Fixed Mortgage Rates Also Rise

TD fixed mortgage rates are the next to increase, as Government of Canada bond yields continue to trend higher.

Read Penelope’s Blog | TD Fixed Mortgage Rates Also Rise

RBC To Hike Fixed Mortgage Rates

RBC has announced an increase in their fixed mortgage rates, to go into effect June 10. What are the economic factors that lead to fixed mortgage rate change?

Read Penelope’s Blog | RBC To Hike Fixed Mortgage Rates

You Answered

This week we asked our readers:

What taught you the most about money management?

50% of respondents say the bulk of their financial literacy education came from their parents – it was an important topic in the home and they were directly involved with their family’s money management.

43.2% say their first summer job provided a financial wakeup call, and taught them the basics of spending and saving wisely.

6.8% say they learned the most about financial literacy in a classroom.

Get in on the winning action with this week’s question:

What is the most stressful aspect of getting a mortgage?

Hope you found this week’s finance guide helpful. Remember, your lovely editor LOVES to hear from you! Send all of your questions, comments, praise and critiques via comments, or visit us on Facebook and Twitter!


Related Topics

Banking 101 / Personal Finance / Saving for Education / Savings / Savings 101

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