You have probably heard that raising a child from birth to adulthood can cost a few hundred thousand dollars. Given the rising cost of education, what are some places where you can cut back without depriving yourself or your children? What is the difference between individual, family, and group RESPs? Should you buy the latest gadgets in order to make sure your children are prepared for the 21st century or limit their exposure to electronic devices early-on? How can you improve children's financial literacy early on and help them establish good money habits? This workshop will tackle these and other related topics based on some of the latest available data from development psychology, behavioural economics, and finance.
- Know the difference between individual, family, and group RESPs.
- How can you help improve your children's financial literacy early on?
- Learn how to spend less on your children without depriving them of important developmental stimuli.