“Broke college student?” Not for long!
24 per cent of Americans say they don’t make purchases using cash during a typical week. That’s made teaching children about the value of money more difficult.
“For affluent parents, it’s a concern – educating their kids about money,” says Robin Taub, a Toronto-based chartered professional accountant and author of A Parent’s Guide to Raising Money-Smart Kids. “Most parents want their kids to be financially responsible and independent.”
Evan and Todd discuss how parents can improve their financial literacy and teach their children with confidence with Robin Taub, financial consultant and author of “A Parent’s Guide to Raising Money Smart Kids”.
Giving children an allowance can help instill positive money habits, financial experts say.
When it comes to money and kids there is one fundamental lesson most of us fail to teach our children, and that is how to make money grow which, in turn, creates wealth.
A 2015 survey conducted by Chartered Professional Accountants Canada uncovered similar results: “At the total level, female members have a median total compensation of $99,000 versus $120,000 among their male counterparts.”