Happy family

5 financial literacy activities for the whole family

November is Financial Literacy Month in Canada, which encourages Canadians to increase their financial literacy skills and better understand their finances.

People with financial literacy skills make better financial decisions and manage money better than those without these skills. Those who attain these skills at a younger age fare better than those who do not.

Talking about money as a family is an important part of helping kids develop a healthy relationship with money. Children learn from watching adults, so by talking openly and honestly about money, you’re showing them that money is not taboo. By including children in basic financial decisions, they’ll ultimately feel more confident in their money-making decision.

To help families improve their financial literacy skills throughout the year, ABC Life Literacy Canada offers five financial literacy activities for the family to do together.

  1. A Trip to the Amusement Park – This workbook covers basic math such as addition and fractions, as well as timely topics such as financial setbacks and planning for unexpected expenses.
  2. Baking Times Two – Practice math and numeracy skills while following along a recipe for delicious cookies.
  3. Funny Money – Learn about how and why you should plan for unexpected expenses.
  4. Let’s Make a Fortune Teller– This fun arts and crafts game will have you telling everyone’s future.
  5. Know Your Coins – Learn about the coins in Canada’s currency.

To download more activities like these, visit FamilyLiteracyFirst.ca and sign up for a free account. HSBC Family Literacy First is a free program created by ABC Life Literacy Canada and supported by HSBC Bank Canada, to bring parents and children together to practice family literacy. Hear from parents who have taken the program.