I had a chance to take a look at the free iPad app Learning Money With Leo, from RBC, which is a fun way to get your children to start thinking about managing money. I’ll be sharing more details on that app and my thoughts and experiences with it in the next few weeks, but for now–check out the app for yourself and enter the giveaway below:
RBC and Mom Central are offering a $50 RBC Visa gift card to use how you wish. . . perhaps to help your children with managing money and budgeting. Giveaway is open to Canadian readers only, and runs from March 13th to April 20th.
*readers may enter across multiple blogs, but may only win one prize.
Disclosure – I am participating in the RBC Learning Money With Leo program by Mom Central Canada on behalf of RBC Royal Bank. I received compensation as a thank you for participating and for sharing my honest opinion. The opinions on this blog are my own.
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Because it will teach them that things do not come free and that you have to work hard in order to get what you want/need
ontariohappychick at gmail dot com
It is important because it is a lifetime thing. They should teach this in schools.
It is important because they need to be able to dig themselves out of the hole we've created. Our generation is pretty much up a creek it seems, but maybe our kids have a chance to turn the economy around.
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I feel it's important to equip them with life skills in all areas and learning how to responsibly handle money matters will certainly help them succeed. Money matters can be such a stress, I think teaching skills up-front can help alleviate some.
I want my children to be good citizens and self reliant– I also want them having a great life and managing money well is a great start.
I want my children to be self-sufficient adults. Part of gaining that is learning how to appropriately manage their finances.
I don't have kids but the lessons you teach kids about money will lay the foundation for how they deal with money later on in life.
I want my children to grow up to be the best they can ….. so dealing with money is an everyday thing for an adult, so obviously I want them to learn how to manage it in the best way
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I just want them to understand how it important it is and how hard it is to come by.
Learning to be responsible about money at an early age sets the foundation for life.
Kids need to learn to save and spend wisely as well as knowing the difference of need and want.
Teaching my kid about money is important because I want him to be responsible with money when he grows up and understand the value of a dollar
bluebelle0367(at)hotmail(dot)com
So that one day they can take care of themselves and be independent with a good standard of living.
It's so important to teach kids the value of money because too many people these days take it for granted. Kids need to know to manage money NOW so that we can all have a financially secure world in the future!
It's important because they need to know how to handle their money when they grow up
leannemacg at gmail.com
I think it is important to understand money so they know how to be financially stable and not in debt as a adult
thanks
flower_child_23(at)hotmail(dot)com
I believe it's important to learn your independance when you are young. Especially if you are a girl. I wanted my kids to know that they can rely on themselves. I wanted their relationships to be developed with independance. I started giving them an allowance when they were five. We then had then put part of it in a jar and once a month we would deposit it to their bank account and they got to watch how it grew!
So that they will have a good understanding of money for when they really need it..when they are adults.
So they can avoid the mistakes their parents made, and make positive associations with money.
I think it is very important to teach kids about money so they grow up to be a responsible adult who knows how to save and handle money and not go into debt!
ksceviour at hotmail dot com
I think it is important to set a good basis for your child so that they will always have a good healthy respect for money, and how to use it effectively.
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I want them to understand how hard people work for their money and how to budget and manage their money.
I want my children to learn how to handle money now so that they will know how to plan for their future.
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I want my kids to learn about money because today it is more important then ever to plan for their own future
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we want her to have finincial responseability b/c are parents never taught us.
Youth need to change their preconceived 'Entitlement" and "WANT NOW" attitudes. Time to bring back good old fashioned values, an honest day's work/an honest days pay.
emu839(at)gmail(dot)com
Too many kids go off to college, and as soon as they have freedom to spend as they'd like, they rack up credit card debt. So sad!
LesGalloway—at—Hotmail .d.o.t. com
I really, really love this app! Our l/o is only 2, but she's starting to understand.
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I think it's super important to teach kids the value of money, because if they don't understand the work that goes into attaining it, they can become entitled and spoiled
because they need to know how hard it is to make a living.
I feel that them learning how to be responsible with money is a life long lesson that will help them throughout life.
Thanks so much.
So they learn responsibility and do not end up in debt
I want my children to be self-sufficient adults, to learn how to budget their money, live within their means and not get into a lot of debt.
The more they know about money, how to earn it and how to manage it the less the shock when they leave home
to prepare them for adulthood
It will save them a lot of hardship and regret as adults if they learn it now!
I think it is important to teach my daughter financial responsibilties because I think someone's spending and saving habits are determined at a very young age.
It is important for kids to understand the value of their purchasing power and the cost of not starting early in life to save. GLTA
I think it's important because if you don't learn how to handle money responsibly you have little chance of living a happy life.
Its important so they won't go into debt later and not know how to control spending.
The best advice is be able to count your money and spend wisely
teach them young so they have it later
I teach them by telling them about the price of different items and talking about if it is a good deal or not.
My parents taught me how to deal with money from a young age and I believe it taught me a lot of responsibility and today I can handle money well I believe, so I pass on the same lessons I learned to my children I believe it will help build their character!
Because life is so much easier when you don't have debt hanging over your head.
I think it's important to give them an allowance and help them understand spending!
so that they always have a backup – savings, a plan, something to help in times of need
Teaching kids how to be responsible with money and mastering how use money is an essential life-skill and touches almost every single aspect of one's life.
I want my kids to grow up without debt and having money sensibility.
They have to learn how to save and be patient so that when they are older they can save up down payments for homes and cars and be able to pay their monthly payments.
Because debt is something they shouldn't experience!
They need to be able to make good decisions for themselves!
Thanks so much!
Janna Johnson
Jannajanna@hotmail.com
janna @ Feed Your Pig on GFC
I want them to understand how to manage their money, to avoid 'bad' debt, and how to be able to afford things like a house and car.
I feel its important to teach them about money so when they get older they know how to manage their money so they dont go into debt! I like to tell them only buy things you need
dalleykt at live dot ca
I think the most important thing is they have to earn money it's not just handed to them, they should learn how to save their birthday money and allowance for something special they want.
It will help them live a much more productive and happier life if they really understand what money is all about. We have to teach children that you earn money from working and yes you need to spend to live, but you must save some also. Teach them that living on credit cards is not the answer.
Kids need to know that money does not grow on trees! They need to know that money is earned and usually not easily! The earlier you teach your kids about money, the better they will become with it…hopefully!
They should learn that everything you make is earned not handed to you.
I feel it's important because the earlier they learn how to handle money the more likely they will be financially responsible adults, saving them a lot of stress.
If children are not taught about money, they may end up with some pretty bad spending habits as an adult. I have done my best to teach my youngest (now 11yrs) but not too long ago, he asked for something that was quite expensive. I told him that it was too much money and I didn’t have any to spare. He actually replied: “Just go to the bank machine and get some.” He truly thought that there was a never ending source of cash coming from the machine. It didn’t occur to him that you actually needed to have the money there to begin with… and here I thought I was teaching him well and really making headway…
Because understanding money is such a valuable skill and the most useful one around!
In today's struggling economy, it is imperative the children know the value of a dollar. They need to learn how to save and how to spend wisely.
Our kids have had bank accounts since they were toddlers. They are very good about saving their money and when they do make a purchase, it is of good quality.
Thanks for the great giveaway opportunity.
they need to grow to to be self-sufficient adults
It will teach them responsibility and accountability. They need to see consequences for all decisions and that money is hard earned and must be managed well.
I want my children to grow up being independent and not having to rely on others to get by in life. I want them to understand how to save their money.
Kids need to learn about money so they don't have money problems later in life..they should learn how to avoid debt.
I want to teach my kids b/c my parents never did. I still struggle 🙂 It's very important to teach them well!
I think it is important to teach children about being responsible with money to ensure that they do not end up in way over their heads when older. Children need to learn that money does not grow on trees and that they cannot have everything that they want. They need to learn to think about things and avoid the impulse buy so that they can live comfortably when they are out on their own.
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There's so much stress that comes from not managing money properly and I really want to save them from it. Thank you for the giveaway!
Teach them responsibility & that you have to work hard for what you want in life!
It is a lifelong skill that will help them to make smart choices in the future.
I think it’s important because wisdom in spending and saving causes a child’s life to go well.
bebemiqui82(at)yahoo(dot)com
They will need this skill for the rest of their life. Without it, there could be many (more) hardships.
If you don't teach them when they are young they have no idea of how to budget when they leave home and they end up in debt up past their ears
So they grow up to be financially responsible adults.
You have to set the foundation early on – teaching kids about the value of money from a young age ensures they'll be able to make smart money decisions in the long run.
WITH HIGHER PRICES AND LESS INCOME FOR FAMILIES, KIDS NEED TO KNOW HOW TO HANDLE MONEY
You surely teach your children about vital things like hygiene and health. Financial responsibility or lack of it affects your life and your family's life in many ways, so you want your child to learn early how to manage money.
so they're responsible with it, doesn't grow on trees!
It's so important for kids to learn about money, because the earlier you teach them to respect and appreciate money, the more they will take that with them into adulthood.
It's important so they will have a better chance of avoiding financial problems when they get older.
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Teaching them early to have financial responsibility could save them from disaster when the become an adult.
I want my kids to learn to be responsible citizens and part of that is managing finances. My parents taught me that what I want and what I need are two very different things. I want to pass that on to my children.
With how tight everyones budget is these days, its important to teach them how to spend smart & save. I know growing up we learned the importance of money & having it for what you need.
It is important to teach them now when they are younger so that they will become responsible teens and adults. It also makes it so much easier for them to understand when we cannot afford to buy something or go somwhere.
I want my kids to have an understanding of money in a all facets.I have started them out with an understanding of how hard it is to earn money and the ways to stretch a dollar.
i do not just go out and buy things for them but instead make them save and earn to get them.All of my children also know about shopping around for the best deals,as well as clearance and thrift stores/garage sale deals.These are skills they will need some day and I do not want them to grow up and be clueless.
It's important so that they know the concept of money and the importance of it.
My mom had very little money and raised her 6 children, we were taught at a very early age the value of a dollar, I know that it helped me to understand the importance of money and not to waste it, I want my children to learn the same values as me.
It's crucial to instill frugality and good sense with money because it sets in motion a lifelong responsibility to think about their future and provide for themselves and their family!
It is so important, especially in these economically challenged times, that children not believe money grows on trees (as my parents used to say) but know that they need to work hard to earn it and not waste it once earned.
I feel it is important for children to understand the importance of saving and using money smartly as it is easy to find yourself in trouble financially otherwise.
longbarb1@aol.com
I think kids need to know how to be responsible with money at a young age to prevent them from going into debt as they grow older.
jennylovesjeff (at) hotmail (dot) com