MONEY TALKS

Five ways to teach your chil­dren to fill their bank ac­counts and achieve eco­nomic suc­cess.

Canadian Living - - Contents - TEXT STACY YANCHUK OLEKSY

Our fi­nance ex­pert shares tips for rais­ing fi­nan­cially in­de­pen­dent kids

For many, spend­ing comes more nat­u­rally than sav­ing.

That’s be­cause be­ing good with money isn’t in­nate—it’s learned. It’s a prac­tice that, when taught at a young age, can be­come a pat­tern in adult­hood. And sav­ing isn’t the only thing: Bud­get­ing, set­ting goals, mak­ing care­ful de­ci­sions and build­ing a foun­da­tion for fu­ture suc­cess can all be im­parted to kids through sim­ple con­ver­sa­tions and hands-on lessons that help them form strong fi­nan­cial habits. Here are some ways to in­struct your off­spring on how to man­age funds, what­ever their ages.

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