Our kids are often most receptive to advice when it starts at home. The best time to begin is now. For example, even preschoolers are ready to start thinking about finances. If they know mommy or daddy goes off to work, they can understand why -- the answer is to earn money.
An overwhelming majority of Canadians say that they still manage to save for the future, while many acknowledge that they have had to cut back on both spending and saving since the economic downturn. While nine out of 10 Canadians have some form of savings, which is indeed good news, 72 per cent also carry some form of debt. But there are ways to help find a better balance between spending and saving.