Earning- Commission, Salary, Fee-per-service and Hourly Wages.
Spending – Needs vs. Wants, Fixed and variable expenses and using a budget.
Saving – Saving for important items, Christmas and home repairs.
How to Pay Yourself First- Setting a goal, Personal Loan, Emergency Fund, Compound Interest, Mortgages etc.
Types of Bank Accounts and Investing – Chequing Account, Savings Account, Investing, Debit Cards, Credit and Debit Fraud.
I encourage you to talk with your child about financial literacy, so they can begin to understand and have a positive attitude toward saving and budgeting their money for the future.