Helping your children establish healthy money habits today will help them make smarter financial moves in the future. Here’s a few ideas to get you started:
Ages 9 & Younger
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Make learning fun by playing games like Monopoly or PayDay to teach financial literacy and numeracy
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Teach the value of a hard-earned dollar by giving them an allowance to help them learn to manage their own money
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​Set them up with their own savings account
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Encourage them to pay themselves first by teaching them to save a portion of their allowance or gift money to go towards long-term saving or spending goals
For ages 10-17
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Inspire their entrepreneurial spirit by giving opportunities to earn extra money
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Show them utility bills so they can see the cost of leaving the lights on or running the tap too long
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Help them save for university by creating a dedicated savings account for them to save on their own
For ages 18+
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Help them establish financial independence by helping them budget to live within their means
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Teach them to save a portion of every paycheque by setting up an automatic transfer between their chequing and savings accounts
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Help them build credit by opening a joint credit card for small purchases, and teaching them to pay it off in full every month
We offer a full suite of accounts to suit every family member. Choose from our SaveWise™ and SpendWise™ accounts for our youngest members, On Track Pack Chequing for members 19 to 24, and finally our StudentFLEX™ Daily or StudentFLEX™ Infinite Daily accounts.
