Money 101
Get guides, articles and resources – everything you need to help your kids understand money basics and the importance of financial literacy.
Featured Guides

Money Basics
Income Tax 101: A Guide for Parents and Teens
Our guide on income tax for beginners will help parents and teens with essential tips on filing that first income tax return.
Budgeting 101: A Guide for Parents and Teenagers
Teaching your kids how to budget doesn’t have to be a struggle. Here are budgeting tips parents can share with tweens and teens to…
How to Create a Budget for Kids & Teens
It’s never too late (or too early!) to teach your kids how to save money. Here are some of our top practical tips for…

Investing
NFTs 101: A Guide for Parents and Teens
Maybe you’ve heard of NFTs, but don’t know exactly what they are. Here are our tips on how you and your teens can navigate…
Basic Investing Terms and Definitions for Kids & Teens
Learning about financial terminology and investment terms—from assets to volatility—is essential for soon-to-be investors of any age.
Stock Market Explained for Kids and Teens
Teaching kids and teens about the stock market can help encourage financial literacy and spark an early interest in saving and investing.

Building Credit
What Is a Credit Card and How Does It Work?
Should teens have credit cards? Here are some things to consider before deciding if now is the right time for your teen to start…
Credit 101: A Guide for Parents and Teenagers
Money management for kids isn’t just about saving up for a big purchase. Kids also need to learn how credit works, Here’s everything you…
How to Explain What a Credit Card Is to Your Kids
We share some tips on your teen’s first credit card including, how to use it responsibly, and why the Mydoh Smart Card is a…
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 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
Types of Debt and Their Meaning
Learning about the many forms of debt can help kids make more informed decisions about which debt to take on—and which debt to avoid.
Debt 101: A Guide for Parents and Teenagers
Everything you need to know to teach your teens about good debt and bad debt—and how to manage it all.
Insurance
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,…
Basic Insurance Terms and Definitions for Kids & Teens
Financial security is all about protecting yourself, and insurance is a big part of that. Here are the basic terms and definitions your teens…
Insurance 101: A Guide for Parents and Teens
Life would be a lot easier without accidents, thefts, or natural disasters. But these events happen, and insurance can minimize their full impact. Here’s…
Income Tax
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…
How Does Income Tax Work in Canada
We’ve crunched the complications out of Canadian taxes to help you explain income taxes to kids and teens.
Raise Money Smart Kids
Mydoh makes it easy for kids to gain real money skills.
More Fin-Lit Resources

We’ve crunched the complications out of Canadian taxes to help you explain income taxes to kids and teens.

We’ve crunched the complications out of Canadian taxes to help you explain income taxes to kids and teens.