One of the most frustrating things for me as a mom is when my kids are constantly asking for me to buy them something. For a while it felt like every time we went out they would ask for a new toy, electronic or hip stylish brand name clothes. I am not talking about the necessities of life. Not talking about birthday gifts or just out of the blue stuff. I am talking about, them not realizing how much things cost. And maybe not really even caring. I do not think money should be a cause of stress for children, however there is nothing wrong with them learning. Learning the value of a buck and saving for those extra things they may want.
When my son decided he really needed (in his words) a $1700 bike I almost flipped. How are we suppose to afford a bike that price? If he really wanted (my words) this bike he was going to have to save up for it. He started doing odd jobs for neighbours, saving his allowance and even opened a bank account. we had offered him a bike that we saw and thought looked just as good as the one he was after. It was $199. Using his negotiation skills, he is a quick learner. He asked if we could contribute that money to the bike he wanted. we agreed as reality set in and he realized saving and working was taking longer than he thought. So he decided on a bike for less than half the price he originally wanted. I am happy he learned how to plan ahead, save and negotiate with us It would have been nicer if there was an easier, less expensive way to learn though.
Well now there is. The Royal Bank of Canada has a fun new app for families with children. This app will help your kids learn about money through games and stories. It is geared towards children ages 3-6. even though my youngest really does not get money, she had fun with this app.
This app will;
All of this in a fun and stress free app. My preschooler really knows her way around the iPad so once we downloaded it, it was easy for her to figure out. she really loved the colourful and hip lion too.
Want to teach your your children about money? You can visit RBC Royal Bank for a link to download the app. Or search on iTunes “Learning Money With Leo” in the search bar and download the free application.
Now if this was not great enough, free app and all I have a special giveaway for my Canadian readers. RBC Royal Bank is giving away a $50 RBC Visa gift Card. Fill out the Rafflecopter form below for your chance
a Rafflecopter giveaway
Disclosure – I am participating in the RBC Learning Money WithLeo 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.