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financial literacy – XtremeCuztoms

Category: financial literacy

Nearly 60 Percent of Canadian Parents Worry About Their Kids’ Financial Future: Survey

Nearly 60 percent of Canadian parents are worried about their children’s financial future, according to a new survey by TD Bank Group. Released on July 19, the survey noted 58 percent of Canadian parents said they often worry about their child’s financial future, particularly amid high inflation and uncertain economic conditions prevailing in the country….


Six Common Money Blunders

I could be wrong, but I’m going to guess you’ve made a money blunder or two in your life. For many of us, it was a nonstop series of blunders that finally brought us to our financial knees. But I’m not talking about the kind of blunders that got us into trouble. We could list…


The Financial Literacy Basics Entrepreneurs Need to Know

By Derek Notman Like most of you, I grew up with virtually no formal training on money. I learned that we definitely need money to get the things we want and one way or another, we have to work for it. Short of getting my passbook savings account back in the ’80s, I was taught…


This Is What Happens When Financially Immature Students Get a Credit Card

Our kids are fortunate to be growing up in the most progressive and exciting time in history. Sadly, the very culture that offers them the world is also perpetrating this lie: “You are entitled to have everything you want, even if you don’t have the money to pay for it. It’s not a problem. You…


How to Bolster Your Financial Confidence

Melinda Perez, a financial educator, still remembers the first time she felt financially confident. She had recently started investing money outside of her employer-sponsored retirement account because she was finally earning more than she spent. “It was exciting because for once, I had what felt like extra money,” recalls Perez, who lives in San Antonio,…


5 Reasons to Give Kids an Allowance

At the foundation of your children’s financial intelligence should be this undeniable truth: It is not the amount of money you have but what you do with it that matters. This is true for a child managing a $5-a-week allowance or a corporate executive with a $5,000-a-week salary. For the better part of my life,…


Saying No to a Cashless Society to Teach Children Proper Spending Habits

Commentary A mother gave her 8-year-old daughter $20 to spend at a theme park. The child—let us call her Nancy—wanted to buy a colourful T-shirt with her money. The mother, who had also prepared a delicious lunch box, chaperoned her excited child. At lunchtime, the child observed other children eating luscious chips, and she asked…


Build Your Quality of Life by Investing in Your Lifestyle

Money is tight for many individuals and businesses right now, with inflation at historic highs and pressures on the economy coming from several directions at once, from the lingering effects of the pandemic to shipping hangups and the Ukraine war. In spite of the challenges, there’s good news: it’s possible to make your money and…


A Valuable Money Lesson for the Kids

Don’t assume your kids are going to learn in school how to manage money well. There is a growing recognition for the need, but few children are lucky enough to learn about money matters in school. If you have kids, teaching them about money rests squarely on your shoulders. So, how are you doing with…


What Is Money Maturity and How Does It Impact Your Finances

What is Money Maturity? This process of becoming more financially responsible is called money maturity. Money maturity is a gradual process that happens over time. It is often associated with age but can also be influenced by factors such as life experiences and education. Nevertheless, money maturity typically leads to better financial decision-making and habits….