28 - Teaching Kids to Save Money

Money management isn’t always easy and teaching your kids can be just as difficult. We sometimes forget that our kids do have money from their allowance or from birthdays and they will need to make choices about what to do with that money. This podcast is all about teaching your children money management skills. It’s not a subject many of us are comfortable with. Mark Marshall, Licensed Insolvency Trustee with Allan Marshall & Associates helps us recognize teachable moments to build in money lessons appropriate for their age.

Mark also discusses:

• The best way to get started and at what age
• Tips to get them started saving
• Letting your kids make poor spending decisions early
• The difference between needs / wants and how to avoid impulse buying
• Signs that your kids are making good or poor money management choices

Licensed Insolvency Trustees can help you take control of your debt. They are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. 

Mark Marshall has been working in the insolvency field for 20 years. He received his Licensed Insolvency Trustee accreditation in 2012 and has also been an active board member with Music NB. He endeavors to give each client he meets advice on all of their available options so they can proceed with the knowledge they need to make an informed decision.

• Allan Marshall & Associates Licensed Insolvency Trustee
• How to Teach Kids Money Management at Home
• Living Within Your Means