1
vote
1answer
35 views
How do you make sure your child’s birthday party doesn’t break the bank?
I've been to childrens' birthday parties that clearly cost in excess of $500 when the price of the venue, activity, food, cake and loot bags are factored in. I don't want to spend …
5
votes
5answers
178 views
Why do people take out life insurance on their children? Should I take out a policy on my child?
I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...?
If the purpose of life insurance is to replace a wage-e …
4
votes
3answers
150 views
Are personal finance / money management classes taught in high school, anywhere?
It sure seems like something that would be a valuable life skill, akin to Home Ec (or even more important!)... Where I'm from (Peel Region in Ontario Canada), it isn't part of the …
3
votes
1answer
37 views
Online calculators for child benefits in the U.K.?
(I've also asked this on Moms4Mom)
I've been reading through the various benefits available for parents in the UK. It all seems to be hilariously complicated.
I know I could plug …
1
vote
2answers
478 views
Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true?
(I'm paraphrasing a question a friend asked me recently. I think it belongs here.)
"Somebody told me that if I have a child under age 6, then I'm entitled to get a $100/month
ben …
6
votes
2answers
60 views
What are the best strategies to give pocket money / allowance to a kid especially if you would like to teach them something through this, e.g. saving money?
What are the best strategies to give pocket money / allowance to a kid especially if you would like to teach them something through this, e.g. saving?
3
votes
4answers
67 views
At what age should I begin discussing money - saving, spending, investing - with my child / children?
In addition, when should I open a savings account at our bank for my kids; and give them accountability over it?
3
votes
5answers
135 views
What are good games to play to teach young children about saving money?
I've heard that giving allowance is one approach to develop an understanding of money management. What other ways are available to teach kids about the benefits of savings?
7
votes
7answers
78 views
What are some good books to teach children to be smart with money?
What are some good books to teach children to be smart with money?
Answer guideline: One book per answer, no duplicates. If your choice is already listed, please up-vote and add …
4
votes
3answers
44 views
How old must you be to apply for a bank credit card, store credit, or cash advance loan?
I am the parent to one child and one young teen, and I don't want either of them to be able to apply for credit (and potentially soil their credit ratings) before they are mature e …
4
votes
1answer
241 views
What are the best options for an RESP for my 2 year old kid?
Just starting to look into RESPs for my kid. There are RESP funds, or I could just throw money in a GIC... wondering where else I should look... and what I can do.
