Speaking with children about finances is never an easy task, but it is crucial if you want your children to learn how to be financially responsible when they grow up.
Dara and I try to teach our girls as much as we can about finances and try to utilize any tool or program that can help with the task. Thankfully, BMO Financial Group helped launch the Talk With Our Kids About Money program with the Canadian Foundation for Economic Education back in 2013. Since then, one day a year is designated as BMO’s Talk With Our Kids About Money Day and this year that falls on April 20th.
However, that doesn’t mean you have to stop talking about money after April 20th. BMO encourages us to continue the conversations throughout the entire year.
Talk With Our Kids About Money is a website that can be accessed by parents and teachers. The site offers two different programs: one for schools and one for home learning. You as a parent are encouraged to go onto the site and explore the tools and resources available to you. The program is free and you will be able to find engaging and interactive activities to do with your children.
BMO is dedicated to enhancing financial literacy and knows that a relationship with money starts at a young age. BMO strives to help all Canadians talk to their children and they believe that talking about money should happen every day. On the Talk With Our Kids About Money website, you’ll find many ideas on how to bring those conversations into your daily interactions with your children.
BMO also has a dedicated website, for parents on how to talk to your children about money. The site can even help you prepare for your child’s future – topics range from tips on helping your preschooler learn about money to preparing to pay for college.
There are also sections on how to save money on holidays and other activities – this was particularly helpful for Gabby who loves to save money when she travels. On the site, you can even find out the going rates for babysitters and the Tooth Fairy. Now my friends, that is useful for us parents, right?
I think that every parent needs to take advantage of BMO’s Talk With Our Kids About Money program. They’ve found a way to give you the most information and tools that you will need to teach your kids. Plus, they present it in a way that your children will enjoy.
Talking about money does not have to be boring or stressful. Take advantage of the tools that are made available to you and make learning about money fun and interesting for every family member. As a mom myself, I found out a lot of things that I didn’t know. It can be a learning experience for the entire family!
Do you teach your children about money?
Let me know, til then–cheers m’deres!
Nancy Polanco is a freelance journalist, lifestyle content creator, and editor of Whispered Inspirations. She is a proud Mom to Gabby and Michaela and partner and best friend to Darasak. Having worked as part of a health care team for almost a decade, Nancy is happy to be back to her passion. She is a contributor to the Huffington Post, TODAY’s Parents, and an Oprah Magazine Brand Ambassador.