It is never too early to teach children about the concepts and value of money and what it means to be responsible with ones finances. One of our responsibilities as parents is to prepare our children for their future and money sense can play a very important part of their education.
I recently had a chance to try out the RBC Royal Bank’s free Ipad app “Learning Money with Leo” and I was enthusiastic to learn about a free tool that helps teach our children about money in a fun and entertaining way.
This free Ipad app features Leo, a friendly lion that guides you through all of the eight games available in the app. Our favorites were the coloring book and read-along story. I like the fact that you can personalize the app by adding your child’s name and creating a profile which is perfect when using this with multiple children.
It is very important for young children to know that money does not grow on trees or magically out of an ATM machine. They have to learn that people usually have to work to earn this money. The virtual sticker book allows children to earn coins while playing the games to buy the stickers, teaching this valuable lesson.
I love the idea of having a piggy bank they can use to save money so they can help pay for their own toys or things they want. I remember doing that when I was little and learning about the value of saving money I earned from helping with chores. It is a tradition that I intend to start with my own son as soon as possible.
If you own an Ipad I definitely encourage you to download the free app “Learning Money with Leo” (available in both English and French) and try it for yourself. Just type the app’s name on Itunes to download.
Now a question for you: Why do YOU feel it’s important to teach your kids how to understand and responsibly use money?
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Disclosure – I am participating in the RBC Learning Money With Leo program by Mom Central Canada on behalf of RBC Royal Bank. I received compensation as a thank you for participating and for sharing my honest opinion. The opinions on this blog are my own.