As adults, we’ve all had to deal with and overcome academic stress at some point in our lives. But the pressure to excel is affecting children at an earlier age now more than ever, and the problem starts with premature pressure from parents and peers.
Universal Child Care Benefit
Under Harper’s conservative government, all families were entitled to receive the Universal Child Care Benefit (UCCB), regardless of family income. The only variable that determined how much money each family was entitled to receive was the age of their children. Families with children under the age of 6 received $160 per month per child, and families with children from the ages of 6 to 17 received $60 per month per child. The UCCB is fully taxable.
A major responsibility for parents is to prepare their children for a well-adjusted, adult life. For most individuals, that involves being financially responsible and living within your means. But children don’t just develop a sense of financial responsibility overnight- it must be taught. Here are some tips on how to teach your kids about making sense of money.