My tip is that I save every dollar given to my son as a gift in a high interest savings account

I help my son save for something he wants by collecting the money in a jar and writing out on it how much more he needs. He gets to keep adjusting the money on the label until he has enough saved.

Both my boys have a savings account and they put their tooth fairy money, allowance and birthday money into it. I then go over their month statements that come in the mail with them to show how much they have saved.

With my granddaughter I put all the spare change into a jar, it's surprising how much their is at the end of the year!!

the cc thing said that the card I currently use is the best one for me (And I really liked that you could put down how much gas you use etc. ..I might use $20 a month, but thats really stretching it) And I think I've done really well with my daughter ..she is currently in secondary school, has been able to get bursaries but also works two jobs (one is in the field she is studying in) and hasn't touched her student loan money yet (we had a small amount of RESP's for her as well)

My tip is it never to early to start teaching about money. I learned this when my daughter was 3 and asked for something. I said I don't have money for it and she said you have your card.

I like the start early tip. I think kids can learn about money when they're young and they'll remember those lessons.

I like starting young - I wish someone had done that with me1

I think it is good to have children assist in the shopping, especially in the grocery store learning sales, prices, ingredients...
jan

Save a littl bit every week
Marla

Budget & stick to it!
KellyPC

My kids are learning about coupons, sales, values of things and importance of saving from the time they are born, I think :) Start early!

the start early tip is a good one

My tip is to learn how to set up a budget and try to stick to it; learning to coupon and price match helps. Every dollar saved helps. (Judy Cowan)

For each birthday as well as at Christmas, we give our grandchildren a present and also some money for their RESP. We hope to teach them that saving for an education is an important goal to have.
My rafflecopter name is Julie G

Teach your child to save regularly and plan purchase

make a budget and stick to it

Love the ideas

To save money, I only allow so much change in my wallet at any given time. Anything above that, I take out and put in a jar. It is rather amazing at how quickly the jar fills. And that money gets taken to the bank.

My DD, 5, knows that you don't buy anything unless it's on sale, and even better if it has a coupon. We also have some neighbours who give us their cans and bottles for refund, so she helps with that and we save up the money to do 'special' things together, so she's learning about saving for things she wants.

I have savings accounts set up for my girls and part of their allowance I give to them and part I transfer into their accounts.

I know it can be difficult because we want to give our children perhaps what we did not receive as children. Being that this is the electronic age, those items can add up quickly. Don't give in to what the kids' friends have, or how their only-child cousin got 18 presents. Teach the value of a dollar, how far that dollar stretches, and absolutely lead by example. :)

Coupons are a great way to save on your food bill.

we use coupons and check out fliers

Make a needs vs wants list and try to eliminate wants.

I'd recommend the SimplyCash Card from American Express.

Price matching and coupons is my way of saving money.
(Debbie W)

It recommended the Scotia Momentum® VISA Infinite Card
(Debbie W)

I'm not sure I would recommend any of them, as the ones they suggested for me wouldn't be a better deal and they undervalued what my current one offers me. I think you really need to figure out which one works for you.

make a budget and try to stick to it is my advice

I like to make a budget. I like to know how much money is going where.

I like the Teach your child to save regularly and plan purchases tip

It suggested the American Express Gold Rewards Card

I teach my children to save anyway I can, lots of coupons for sure:)

We have made a game of feeding the piggy with our 3 year old. He loves to put change into the piggy bank to feed it.

We price match most of our things and save every cent lol nickel

RateSupermarket.ca suggested the MBNA Smart Cash MasterCard Credit Card, what a mouthful!! Interesting site!! :)

I'm awful with money maybe this package will help me too~Caralyn Rubl

The credit card recommended was SimplyCash™ Preferred Card from American Express® (Judy Cowan)

American Express Platinum Rewards Card was chosen.

My eldest grandson who is 8 desperately wanted a computer of his own so did odd jobs all summer, including weeding the garden every day for one hour,and with his birthday money added managed to save enough to purchase one!

CIBC Aventura® Visa InfiniteTM was my choice

The credit card recommended was SimplyCash™ Preferred Card from American Express®
and my tip is that Children should learn early on give them the chance to pay for something and make change in front of you !

When my boy was really young, and he was given money as gifts etc, he was always good at putting half away (sometimes more), and the other half he would spend on something he wanted, or wanted to do. Hoping my girl will follow, or maybe have a similar plan.

MBNA Smart Cash MasterCard® Credit Card was chosen for me

The tip that always stuck on me is pay yourself first. Always save out of all earnings.

They recommended the RBC Royal Bank® Visa Infinite‡ Avion® card.

It's important to get your kids to learn how to save money but it's just as important to let them learn how to spend it.

always a good idea to start the kids off on the right track to working with money successfully

SimplyCash™ Preferred Card from American Express®

American Express Platinum Rewards Card over here...

CIBC Aventura® Visa InfiniteTM

Let them spend half of any money they get and save the other half.

MBNA Smart Cash MasterCard® Credit Card

I show my children how I use coupons and coupon apps to save the most money and teach them how to price match. I teach them how to use credit cards responsibly and they keep all of their birthday money in their own bank accounts

The card recommended for me was the SimplyCash Preferred Card from American Express.

Only spend cash. Don't spend what you don't have.

Mine was the Simply Cash card by American Express.

If you use a credit card, it's NOT yours until it's paid off! Make certain to pay in full at every statement.

Walmart Mastercard is a good one as it reward you with cash back.

I am working on teaching my children the value of money and that it doesn't just grow on trees, or magically appear when they ask for it. They are starting with chore charts with lsmall $ incentives which is slowly helping them understand that we have to earn money in the real world.

MBNA Smart Cash MasterCard® Credit Card was recommended for me

I think I need these tips for myself - not just my kiddo! I hope I can teach her to learn from my mistakes.

My tip would be to learn to put savings away for both long and short term, but to budget realistically for everyday expenses while doing so.

I was recommended the Scotiabank Gold American Express

I keep track of how often I use my debit card by automatically transferring $5 for each debit transaction to a savings account.

I like the need and not want tip. I am a true follower of that one.

Florence C

I am entering your giveaway.
It would be great to win
the #RSMrewards Financial Literacy Prize Pack.
In response to your requirement to leave a comment on this post
sharing my favourite tip or a financial literacy tip of my own.
Price matching and coupons is my way of saving money.
I Checked out the Rewards Calculator Tool
and the credit card i would recommend is the MBNA Smart Cash MasterCard.
Thank you for having this giveaway!!!!!!!!!!!

put a little away each payday ..pay yourself as my parents told me. The kids have always put some of their money in the bank account and kept some for fun money or save up for what they wanted.

the The Canadian Market was recommended for me

Always give my niece money for her Birthday/Christmas & a small gift to open. Like the feeling that I'm contributing to her future education-Linda

When the kids get allowance, I make them save half for their banks.

i teach them to comparison shop to save money

I was recommended the SimplyCash™ Preferred Card from American Express®

Mine is teaching your child to save & plan purchases. We've been doing this with our 8 year old. My Mom bought her a little safe to keep her money in, we keep notepad and pen inside and she counts every time she adds to it.

We like to lead by example as you mentioned Diana. It is difficult in this day and age not to give to your child everything that you never had, like the Easy Bake Oven, just as an example ;) But we must stick to our principles and I feel hubs and I have done that and brought up 3 out of 5 kids who know how to save financially and spend wisely. Not too bad, eh?

We give them an allowance and then try to teach them about what to do with it.