Offering helpful financial and lifestyle advice for everyday Canadians

Archive for March, 2014

Games and Shows Teaching Kids About Money

Here is a really helpful article from TVO Parents giving some advice on educational shows to help children understand the concepts of money at a young age.

All TVOKids shows and game are based upon Ontario elementary school curriculum, making it your one-stop-shop for digital tools to support your child’s learning. Be sure to check out the hundreds of shows, games and apps TVOKids has to help you help your child succeed in school and in life.

  • Carney The Coin Counting Cat Your kids can learn their coins and practice counting with this TVOKids show aimed at preschoolers.
  • Tumbleweed Shops School-aged kids can learn about how far money goes watching Tumbleweed go on a shopping spree.
  • Learning Decimals Teacher Troy teaches kids all about decimals in money numbers in this video lesson.
  • Learn to Count This online game helps kids learn how to count up coins while having fun at the same time.
  • Tumbletown Mathletics Your child can test his or her skills for math and fractions by playing Tumbletown Mathletics online.
  • Coin Spot Game This online game teaches kids to recognize Canadian coins, after they’ve had to fun of searching for them hidden in a room!

Source: http://tvoparents.tvo.org/article/games-and-shows-teaching-kids-about-money

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Top 10 Personal Finance Tips for Single Parents

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Being a single parent isn’t easy, but it can be easier. Lifehack.org provides a great article with tips to improve your financial situation.

The economy always works in cycles, and with these cycles our perceptions about money, how we should deal with it, and what our responsibilities are towards accurately informing our children about it also change.

A March 2012 survey suggests that more parents are talking with their kids regarding money. Parents are discussing with children what they need to understand about it in order to make more informed choices on money matters as they grow older.

The current generation of students, or those who are in the initial years of their careers, are deep in student debt. I believe that one can avoid student debt if parents play their finances a bit more safely and carefully craft the financial future of their kids. Parents, though, can sometimes be poor role models when it comes to managing money and teaching the same to their kids. However, even if you are a single parent with limited means, it is still possible to take stock of things and enforce good financial discipline to achieve a secure financial future for your whole family.

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Four Ways to Make Saving for Retirement Easier

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Planning for retirement is never easy. Thankfully, the good people at the Globe And Mail did this handy piece on 4 ways to make retirement easier.

If there’s one thing to know about planning your retirement savings this year it’s this: it’s not getting any easier.

Apparently that’s what a growing majority of Canadians think. New surveys from both the Bank of Nova Scotia and Bank of Montreal show that a dwindling percentage of people plan to put anything at all this year into their Registered Retirement Savings Plans.

With RRSP investment season now under way and the March 3 deadline looming for 2013 tax filing and to get potential refunds, the Scotiabank survey finds that just 31 per cent of Canadians plan to contribute this year, compared with 39 per cent last year. BMO’s survey found that 43 per cent plan to contribute, but this, too, is down from 50 per cent in 2013.

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