New Year’s resolutions usually focus on food and fitness, but there’s no reason they can’t also address finances. And to actually follow through on them, financial experts say it takes little soul-searching.
If you’ve ever worked out with a personal trainer, you’ve heard all about setting fitness-related goals. And chances are you made them SMART ones — specific, measurable, attainable, relevant, and time-related. Those same concepts are vital when it comes to financial goals. Help kids understand short- and long-term goals and they’ll establish smart money habits for later in life.
Just because September is approaching doesn’t mean you have to empty your wallet. Instead, take the opportunity to start class early and teach your kids a lesson in financial management.
Robin discusses the opportunities and benefits of having a CA designation.
…whose responsibility is it to educate today’s youth in responsible financial planning? Arguably, parents are having a tough enough time managing their own finances and may lack the skills to educate their kids.
Robin Taub, a chartered accountant, on how to raise money-smart kids. The three musts: be a good financial role model, start teaching your kids early and keep the information age-appropriate.
Kids as young as 6-years-old should start learning the basics of saving, growing, spending and sharing money, experts say.
Parents usually know best, but when it comes to setting a good financial example for their kids, a quarter of Canadian parents give themselves a ‘C’. A new survey from ING DIRECT revealed that while 92% of Canadian parents believe they should be responsible for teaching their kids about money, 61% feel they could be doing more to educate their kids about the basics of saving and spending.
Should young adults, the ones who earn little or no money, bother filing a tax return? What kinds of tax breaks are available to students and how do they go about getting them?
Chartered accountant Robin Taub, the author of A Parent’s Guide to Raising Money-Smart Kids, answered your tax-related questions.
Listen up students: Even if you are earning only a pittance from that summer or part-time year-round job, you are entitled to claim certain tax credits.