When is it a good time to educate youth about money?

The short answer is as early as possible. Moneysense puts ages for financial learning in bins, and the youngest bin is 0-6 years old. Ontario is rolling out pilot projects to teach high school kids financial skills. It is very much needed. The consumer debt is rising year-over-year states Equifax, and full-term jobs are eroding away with AI. 

Teaching money does not have to be boring!!! It can be fun. I have put up posters to teach my kids count and summation. Game of monopoly, though invented by an anti-capitalist woman (controversial), is fun over holidays. I am thinking of turning my budgeting system, budgetnow.ca, into a game. How would you make teaching money fun for your children?

Time is Money!

Time is limited (only 24 hours in a day) but money is NOT?! Trading money for time is not a bad idea if invested in something more meaningful, such as automating the damn chore that eats your time in the first place.

One example of this is using Walmart Grocery Pickup. Select and pay for the items from home, and pick up at the scheduled time. Walmart remembers your past purchases, so future purchases can bank on past further relieving you from making a laundry list. Better than home delivery as you are NOT home bound at the time of delivery.

Another example is buying lottery online instead of buying it at a store possibly waiting in line...and then later checking if won anything. Why not buy online using PlayOLG, and it emails you if you win anything.

Credits: Imran Bashir