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Toufic is a writer and musician living and working in Vancouver BC. He has studied creative writing at Simon Fraser University and is a political activist.

Personal Finance > Spending & Saving (Other) How to teach your young children to be money smart

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Teaching young children to count and make proper change when transacting a purchase is a good start, but it is definitely not the final answer to being money smart. If the younger generation is ever to have a chance to enjoy the same standard of living that their parents experienced then monetary education must begin with an understanding of how money is created. This is a huge challenge, since most parents I've spoken with don't really understand the Fractional Reserve Banking System. And it stands that if they don't understand then their children are doomed to make mistakes in their econ...

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