Teaching kids about money can never start too young. It is an important lesson that will last a lifetime. It got to me when my oldest was four years old and she presumed we could buy anything with our debit card. When she turned five we let her save up cold hard cash to spend on what she wanted. It was when she saw it with her own eyes, the money being handed over, she understood the value. The next time she wanted something she chose a cheaper item and loved storing the change in her piggy bank.
I am excited to tell you about a new app called Learning Money with Leo, brought to you by RBC Royal Bank. The app features a variety of kid-friendly and interactive games to teach your pre-school to kindergarten aged children everything from earning, to saving, to spending money. The application is free from iTunes in English and French! To find out more tips on teaching your kids about money check out: http://www.rbcadvicecentre.com.
My only drawback in my experience with the app is that I have a first generation 16mb ipad. I had to make updates to the ipad before being able to download it. Because my ipad is Wi-Fi only I was unable to use it on the road. It would be wonderful if RBC made this app available for smartphones. What a great experience to teach your kids while you are grocery shopping with Money with Leo right on your phone.
Having said that, the lessons in the games are valuable for kids. Gather the Coins and Spot the Differences were just two of my five-year-old daughter’s favorite games. For my three-year-old daughter I downloaded the printable version of the games: http://www.rbcroyalbank.com/learning-money-with-leo/. She loved being able to color Leo and the piggy banks. She might not be able to grasp the lessons at her tender age just yet, but by keeping it as a family lesson , she will learn it.
GIVEAWAY: Feel free to leave a comment about why you feel it’s important to teach your kids how to understand and responsibly use money for a chance to win a RBC Visa Gift Card values at $50! Leave a comment by April 20, 2012 for your chance to win.
Disclosure: I am participating in the RBC Learning Money with Leo 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.











