Money 101
From informative articles on understanding debt, building credit, and investing, Money 101 has everything parents need to help kids and teens understand money basics.
Featured Guides

Money Basics
Best Budgeting Apps and Calculators for Kids and Teens
Gone are the days of glass jars that helped kids visualize spending and saving. To help them track every digital dollar, introduce tweens and…
How to Read a Bank Statement: A Guide for Teens
What is a bank statement? Understanding how to read this useful snapshot of your bank account can help tweens and teens build financial literacy…
Chequing vs. Savings: What's the Difference?
It’s time for your teen to open a bank account—but should they choose a chequing account or a savings account? It all comes down…

Investing
Socially Responsible Investing (SRI): A Guide for Parents and Teens
Socially Responsible Investing or SRI is a growing trend in the investment world. But what is it and how does it work?
What is a Robo-Advisor: A Guide for Parents and Teens
Think your teens might want to go robo with their future investments? Here’s what they need to know.
RRSPs Explained for Kids and Teens
How do you explain the purpose of a Registered Retirement Savings Plan account in simple terms to kids and teens? Find out in this…

Building Credit
How to Apply for Your First Credit Card
Are you ready for your first credit card? Here’s everything you need to know to take this financial step forward.
Emergency Funds Explained for Teens
Nobody wants to think about emergencies, much less plan for them. But if your teen builds an emergency fund, they’ll have financial peace of…
Credit Report 101: A Guide for Parents and Teens
Parents know a good credit score relies on paying off debt—but do your kids? Here’s what teens need to know about credit reports.
Interest
How Does Interest Work: A Guide for Parents and Kids
If you're borrowing or investing your money, it's important to understand how interest works. These simple strategies will help you educate your kids and…
Interest Rates 101: A Guide for Parents and Teens
Interest may seem like an abstract concept, but learning what it is and how it operates is a fundamental step toward financial literacy for…
Debt
What is a Mortgage? A Guide for Parents and Teens
There’s a lot to think about when considering home ownership, especially when it comes to a mortgage. Here’s how to get your kids and…
Debt Consolidation: What Is It and How Does It Work?
A debt consolidation loan may help your kid out of a financial jam down the line, but not all loans offer safe harbour from…
How to Pay Off Debt Fast: A Guide for Parents and Teens
Help your kid learn to manage debt—and eventually get out of it—with these clever strategies.
Insurance
Tenant Insurance: A Guide for Parents and Teens
As your teen decides where they’ll be living next, they also need to research tenant insurance costs. Here’s how to teach them about protecting…
Life Insurance: What Your Teen Needs to Know
Isn’t life insurance for old people? Not in the least. We break down the ins and outs of life insurance, so you can show…
How to Teach Kids & Teens About Insurance
When you explain the ins and outs of insurance to tweens and teens early on, they won’t be so overwhelmed when wading through policies,…
Income Tax
How to Read and Understand a Pay Stub
New job, who dis? If your teen is starting their first real job, it’s time to teach them the lowdown on paycheques and pay…
Tax Deductions: A Guide for Parents and Teens
Here’s why teaching your teens about tax write-offs and tax credits could help them hold on to the money they’re entitled to and save…
Tax Terms and Definitions for Kids
When hefty, finance-laden income tax terms are explained, it makes filing a tax return a whole lot easier. Plus, understanding these tax definitions can…
Raise Money Smart Kids
Mydoh makes it easy for kids to gain real money skills.
More Fin-Lit Resources

Our guide on income tax for beginners will help parents and teens with essential tips on filing that first income tax return.

Our guide on income tax for beginners will help parents and teens with essential tips on filing that first income tax return.

Our guide on income tax for beginners will help parents and teens with essential tips on filing that first income tax return.