Teaching kids’ Responsible Financial Management
Author : Bhuwan Sharma
Date : 2017-09-29
Are we doing enough to prepare our kids for the financial future? Looking across the various environments where our kids spend time, I think we all would agree that the answer is a NO.
Schools are generally bound by the curriculum set at the board and province level and I’m sure they are doing their best within those constraints on this front. Leaving the school environment aside, is there anything else that parents can do to prepare our children for a successful future. As Robert Kiyosaki, the author of the Rich Dad Poor Dad and other similar books says, “if you want to be rich, you need to be financially literate”.
As a parent, I know that getting started is difficult. Some of the questions that come to mind are “How do I start”, “What topic should I pick”, “How do I do it in a way that it doesn’t make them feel guilty” are very common questions.
Organizations have started to address this topic.
1. Credit Suisse, a giant Swiss Bank, has released a digital banking app focussed on children. Focus is not just on helping them save but also to get them to learn the basics of money management. Click here to learn more