Recently David Senft, creator of CA$HKIDZ, was interviewed on 95.1 CHVN about the CA$HKIDZ program. You can listen to the recording here.
An allowance is an excellent way to teach your children about money management. How to dole out that allowance, however, is an oft-debated issue. Why giving your grown children an allowance may make financial sense Ted Rechtshaffen: Seniors often fear that by passing on their wealth too early they will kill ambition in their offspring, […]
Question: Is the CA$HKIDZ PayDay Biblical? Do we want to teach our kids that they can get money for nothing? Isn’t that reinforcing the notion of Welfare? I want to thank you for passing along this question which I will do my best to answer. It would be much easier to understand what someone is […]
Self-made billionaires have one business strategy in common: They took enormous risks. There is no careful, cautious path that leads from humble beginnings to Bloomberg’s list of the richest people in the world.
Son, Get a Job! This was the conversation behind me in line at Superstore today. A teenager who was in grade 12 (they were talking about his graduation) was shopping with his mother. His mother was complaining that she was buying him chips and pop and other treats and it sounded like he was not […]
Many families ask what they should do with the birthday and gift money that their children receive. Should they be splitting it up into all their wallets? I know as an adult if I receive a $50 gift I will go out and purchase something I want for $50, I do not divide it into […]
Don’t Rely on that Old Piggy Bank to Teach Your Kids about Money If you were like most children you probably had a piggy bank growing up. What did that piggy bank teach you about financial literacy? Did it prepare you for when you sat in front of your banker to see if you qualified […]
Most parents want to teach their children the importance of saving money. While teaching children to save is VERY important, the approach many parents take is out of balance. Some adults get excited when their child receives a cash gift and has the great idea to open that special savings account at the bank. Granted, it […]
Chores: To Pay or Not to Pay? That is the Question! As a part of a family it should be a child’s responsibility to contribute to the chores around the home. This not only assists the parents with the work load but trains them to do different tasks that they need to do when they […]
So how did you receive spending money as a child? Many of you probably received an allowance from your parents. How much did you get? 25¢, 50¢? Guess it depends on how old you are and how well off your family was. So what did you spend your allowance on? If you are like most […]
A common misconception many parents have is that if their children are entrepreneurial and find ways to earn their own money, then they are good money managers. While we encourage entrepreneurship in children we must realize that not all entrepreneurs are successful with their money. While many know how to MAKE a lot of money, […]