chvnradio.com

Now Playing What just played?

THE COLOR

ONE SURE THING

Listen Live

Today is Talk With Our Kids About Money Day and thousands of teachers, parents and kids are talking today in classrooms and homes across Canada.

Created by the Canadian Foundation for Economic Education (CFEE), Talk With Our Kids About Money Day (TWOKAM) is celebrating its fifth anniversary today.

Brian Denysuik from CreditAid says it's very important to talk to your kids about money. "Money plays a very big part in all of our lives," Denysuik says. "If we don't start talking at a very young age with our kids about money, they can easily make some incorrect assumptions."

"When we use plastic, there is theoretically no limit to them. You want to buy something, you take out plastic and it just happens."

Denysuik says using a debit or credit card is making the concept of money more difficult for children. Cash is easier to understand, because you can see it grow and shrink.

If you can get your hands on a game of Monopoly with cash and not the debit machine, Denysuik says that it's a good exercise for kids.

"If you're going to talk about money, make sure you do it in front of the children," Denysuik says. "The children need to understand that there are challenges when it comes to cash flow in a home."

Setting goals with your kids is also a good practice. "If your children really want something . . . you sit down with them and calculated how long do [they] need to save before [they] can purchase what they want," Denysuik says.

"I like to encourage parents to transition [from an instant gratification model] to a save to spend model."

The TWOKAM program was created for young Canadians by CFEE to get a jump start on their financial education and while it all year long, today its the big day of celebration. The program is available in all provinces in Canada, with plans to expand into the territories next year. 500,000 young people participated in the program last year.

Motorcycle convoy reaches 10th year of raising money to fight prostate cancer

Hundreds of motorcyclists rode down Portage Avenue this morning, raising money and…

YFC celebrates the Work Force graduates

Another year for the Work Force Job Studio program has ended with graduates having…

Province ups contribution to Inuit Art Centre at groundbreaking ceremony

There's still some fundraising to go, but ground was broken today on the Winnipeg Art…

International Missing Children's Day

The Canadian Centre for Child Protection and the Manitoba RCMP are offering similar tips…

Missing female last seen Sunday in Winnipeg

The Winnipeg Police Service is requesting the public’s assistance in locating a missing…

Steeples and stained glass: the churches of Doors Open - Crescent Fort Rouge United Church

It's not uncommon to find this church filled with a holy sound, as you'll find out when…

Drivers reminded to slow down for annual highway cleanup

4-H members will be helping clean highways around the province and drivers are being…

"Slip, slap, and slop": saving your skin from the sun

Slip on a shirt, slap on a hat, and slop on the sunscreen. That's one doctor's…

Near perfect weekend forecast

The farmers and gardens got their rain, and now the rest of us will have an "all around a…

Local man hopes to provide backpacks to 1000 kids

It's tough being a kid going through the foster system. It's even tougher when you have…

Siloam in need of bottled water

The early summer-like heat has many people happy after a long winter. But for those…

Goldeyes learning to play with integrity

The Winnipeg Goldeyes will play their home opener for the 2018 season tonight as they…

State-of-the-art emergency department set to open at Grace

A new emergency department at Grace Hospital will open next week, and the province will…

Take me out to the ballgame: weekend family fun

It's a great weekend for a picnic and a ballgame!

Classic police vehicles getting a face-lift

Students at the Manitoba Institute of Trades and Technology (MITT) are working to bring…

Police Partner with AFM

The Winnipeg Police Service (WPS) and Addictions Foundation of Manitoba (AFM) are teaming…

Major collision closed Stradbrook, knocked out traffic light

One person has been taken into custody after a major motor vehicle collision on…

Evacuations and fight against wildfires continue

About 1,400 people from two Manitoba First Nations north of Winnipeg have been evacuated…

"There is no safe place outside during a lightning storm": severe weather safety

Severe weather season has officially started, with severe thunderstorm watches and…

Steeples and stained glass: the churches of Doors Open - Holy Trinity Anglican Church

Not a detail was left to chance in the design of Holy Trinity Anglican Church.