Financial Literacy with Northern Credit Union #NorthernKnows and #TrueNorthStrong

Now that we’ve spent some cash this holiday season, I am constantly reminded of a meme I keep seeing.  “Don’t go into debt buying gifts for the ones you love”.
With my kids getting two weeks off, it can be hard as a parent to find ways to keep everyone entertained. I may even delay hooking up my son’s TV and XBox and teach him something new during Christmas break.  This holiday season Northern Credit Union is offering a free online game called Surviving the Financial Wild to parents and children that promotes financial literacy while also providing hours of fun (and learning too!)

NothernCreditUnion_Game

By giving kids a head start, this game teaches them how to manage their finances. They’ll be able to hit the ground running when it’s time to make those important decisions like buying a car, getting a mortgage and planning for their retirement (we know it’s hard to think of them that way).  Now, where was this in the 80’s?   My parents didn’t teach any of us about money, sadly. Other than, just “save it” but I’d always spend.  I remember those days of hopping on my bike to buy nail polish-on sale!  I knew I could buy it if it was on sale.  However, fast forward 20 years and I’ve definitely made some mistakes along the way.  Who knew being a stay at home would just add more to my debt?! But that’s another story!  

This online game takes your kids around the board as they answer trivia questions. You can also print them out and play around the dinner table. A recent survey of Ontarian youth revealed that only 38 percent consider themselves financially literate. This tells us that we need to supplement what your children are learning in school and teach them how to save their allowance for something they really want.   I remember saving up to buy a Barbie as well, I was excited when I got that $5 from a reward for finding a bus pass. I was pedalling so fast, the hair in my wind, biking home fast to tell my mom I had enough to buy a Barbie and if we can go to Eaton’s.   It was a really good feeling of accomplishment for an 8yr old-  learning to save and buy something special.

Here’s a peek at one of the questions:
NorthernCreditUnionGame_3

 Do you think “Financial Literacy” matters?  I’d like to learn how to survive the financial wild with burning questions on everyone’s minds. You know, like—how much mortgage can you afford? How to plan for retirement? And, what are all those pesky acronyms all about, like RRSPs, TFSAs and RRIFs?  I never got financial advice when I left the nest, so head over to their blog on Financial Advice for those Leaving the Nest and share this with those you think it might help.   There’s also lots of great educational video’s you can check out with your kids.  Maybe you’ll have a future banker in your family as this will peek their interest as they learn, so tune in for a little “Know How” and play the game, Surviving the Financial Wild!

Disclosure: This post was in collaboration with Northern Credit Union.  In exchange for this post, I have received perks in the form of products and/or compensation. All opinions on this blog are always my own.

 

3 COMMENTS

  1. Tara Gauthier | 31st Dec 18

    This is great looking program to teach kids about financial literacy. It really is such an important skill to have.

  2. Jessica | 1st Jan 19

    This would be great for my son who is into investing and learning more in the financial field. He’s 12 so he’ll test his knowledge.

  3. kathy downey | 16th Jan 19

    I certainly like hearing about programs like this!

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