Barry Choi: Smart financial lessons to learn (and teach) your kids this year

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As September looms, school starts up again for kids and young adults. These financial tips will take back to school and

While it’s typical to focus on saving now, as many expenses come with the new school year, there are many things to consider if you want to keep up with your financial health.The start of the school year is a good time for parents and students to redo their budgets.will be. That said, you’ll also have to budget for unexpected expenses for your kids, such as field trips and special activities.

With the app, parents can assign tasks to their kids — such as taking out the trash or doing laundry — and then be rewarded with cash for completing them. The money is paid out weekly to their Smart Cash Card . As the money accumulates, kids feel a sense of accomplishment and get motivated. Mydoh gives kids some financial independence while still giving parents oversight.Article content

With a flyer comparison app, you can see what’s on sale at your local retailers. This includes grocery stores, big box stores, and more. If you plan your purchases, or even your grocery list, around what’s on sale, you can save big.Article content You could even put money back in your pocket by shopping through a cash back such as Rakuten, Shopper Army and Great Canadian Rebates. If you use a cash back credit card when paying, you’ll put even more money back in your pocket.is a number between 300 and 900. The higher your credit score, the more creditworthy you are in the eyes of lenders. This number can be essential if you need a loan in the future, such as a mortgage or auto loan.

 

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Taxation is theft. That's today's lesson.

Data from chore/allowance apps show that parents pay male children more for the same tasks. It's important to work on our own biases while teaching children about money. wagegap Citation:

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