LIVE AT 2:30 2-hour wildfire evacuation notice issued for some Fort McMurray neighbourhoods
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Children should start learning about finances at an early age, and how parents teach them should depend on their age, according to Meridian Credit Union Senior Wealth Advisor Paul Shelestowsky.
Shelestowsky told CTV News Channel on Sunday that preparing kids early can help them navigate future financial challenges.
"Finances are one of the biggest stressors," Shelestowsky said. "The sooner the children can learn about these concepts, the more prepared they'll be to handle the stresses as well as develop some financial confidence."
While it can be difficult keeping a child's attention when they are aged five and younger, Shelestowsky recommends teaching in the form of games or other types of fun.
This can include playing "things like coin identification games and, when you go shopping, talking about the process of the purchases and then letting them help you find good deals," he explained.
"You want it to be engaging that age."
Once children come up on double digits in age, Shelestowsky says it is a good time for them to learn about saving money.
"Start by bringing them to the bank or the credit union and opening them up a savings account," he said. "Getting them to make deposits."
Additionally, it may also be a good idea for them to learn what it feels like to acquire money for themselves, Shelestowsky said.
"It's really at that point where they can start to maybe earn some of their own money by doing chores for an allowance," he said. "That way they can start to learn about the relationship between money and value in work."
Shelestowsky said this can help provide a basis for children once they start approaching their teenage years when finances begin to get more complex.
As far as maintaining a budget, Shelestowsky says it is never too early to teach children concepts around earning and spending.
"It's all about understanding throughout your whole childhood the difference between wants and needs," he said. "That's a concept that people struggle with their whole lives, and having a budget in place really will show children how wants will take a backseat to needs."
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
Nobel laureate Alice Munro, the Canadian literary giant who became one of the world's most esteemed contemporary authors and one of history's most honoured short story writers, has died at age 92.
Wildfires have led Environment Canada to issue air quality advisories for parts of B.C., Alberta, Manitoba, Saskatchewan and the Northwest Territories, as forecasters warn the smoke could drift farther east.
An American accused of sexually assaulting a Pennsylvania college student in 2013 and later sending her a Facebook message that said, 'So I raped you,' has been detained in France after a three-year search.
The annual list of Canada's top restaurants in the country was just released and here are the places that made the 2024 cut.
Ontario Provincial Police are responding to a fatal collision involving two vehicles on Highway 417 in Ottawa's west end on Tuesday morning.
The Israeli flag is flying at Ottawa City Hall today to mark the country's national day, with plans to hold a private ceremony to mark Israel's Independence Day. There is a significant police presence at City Hall, including security barriers outside the main doors.
A bus carrying farmworkers in central Florida overturned on Tuesday, killing eight people and injuring about 40 other passengers, authorities said.
A team is ready to help an entangled North Atlantic right whale in the Gulf of St. Lawrence.
A $200 reward is being offered by a North Vancouver family for the safe return of their beloved chicken, Snowflake.
Two daughters and a mother were reunited online 40 years later thanks to a DNA kit and a Zoom connection despite living on three separate continents and speaking different languages.
Mother's Day can be a difficult occasion for those who have lost or are estranged from their mom.
YES Theatre Young Company opened its acclaimed kids’ show, One Small Step, at Sudbury Theatre Centre on Saturday.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.