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The 11 best travel credit cards in Canada for August 2023
– moneysense.ca
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Ages 7 to 12: Teaching kids about how to save and not overspend
– moneysense.ca
During the ages 7 to 12, the money questions become more plentiful—and more challenging. And just as you want them to learn household skills like chopping veggies and eating healthily, you also want them to understand basic concepts about saving and spending money. “I’ll go to the store with my young daughter Abby and do a lot of what I call, ‘browsing without buying,’” says personal finance writer Bruce Sellery. “We’ll go to the store just to look much of the time but I’m clear with her that we’re not buying, we’re browsing. That’s important.”
Adolescents and money lessons the should learn
It’s also an ideal time to take them to the bank and open up an account for them to replace their piggy banks. In a survey of more than 200 MoneySense readers, fully 92% had opened up a bank account for their child by the age of 12. You can either deposit their piggy bank savings into it or simply open one with a few of your own dollars to get them started. “Teach them they can spend all that money on new shoes or music downloads now, or you can save something for university, or you can do both,” says author Kira Vermond…


