For as long as he remembers, Aidan D91裸聊视频橲ouza says his mother has helped him ensure that he91裸聊视频檚 making smart money decisions.

At roughly 10 years old, D91裸聊视频橲ouza said his mother advised him not to spend all his money on candy and frivolous gadgets.

When he started working part-time jobs, D91裸聊视频橲ouza91裸聊视频檚 mother recommended that he save some of his hard-earned money for his long-term goals and an emergency fund.

Today, the 23-year-old said his mother still guides him financially. She helped him set up mutual funds and taught him about compound interest, which accelerates the growth of one91裸聊视频檚 savings and investments over time.

91裸聊视频淢y mom has always helped me make sure my money was going to the right places,91裸聊视频� said D91裸聊视频橲ouza, who resides in Toronto.

91裸聊视频淪he always wanted to make sure that I was set for life.91裸聊视频�

While D91裸聊视频橲ouza credits his mother for the financially secure position he91裸聊视频檚 in, he acknowledged that not all Canadians have parental figures who are financially literate or know how to best guide their children to make wise financial decisions.

In any case, experts say it91裸聊视频檚 never too late to learn financial literacy. And on the flip side, they say it91裸聊视频檚 never too early to begin teaching your children financial literacy.

91裸聊视频淛ust don91裸聊视频檛 be afraid of (money). I think a lot of times people are afraid of it,91裸聊视频� said Anna Smith, head of marketing at CapIntel, a business-to-business financial technology company.

91裸聊视频淔inancial illiteracy is when people don91裸聊视频檛 talk about it and don91裸聊视频檛 learn about it.91裸聊视频�

Growing up, Smith said her parents didn91裸聊视频檛 teach her much about money, which made her feel uncomfortable and insecure when she started to manage her own. As a young adult, she said she got multiple credit cards, maxed them out and got into 91裸聊视频渞eally bad debt.91裸聊视频�

It was only when she started doing research on how to climb out of debt that Smith said she really learned the importance of financial literacy.

91裸聊视频淚 was so scared of it and to face it head on before,91裸聊视频� she said.

Now, Smith said she91裸聊视频檚 doing her best to instil financial literacy and confidence in her daughter at a young age in order to set her up for financial success, which she strongly advises other parents to do as well.

She noted that telling your children about your financial mistakes is as important as telling them about your financial successes.

91裸聊视频淢oney isn91裸聊视频檛 really talked about in the sense of how to grow money and savings and investing and interest, and so I believe that it91裸聊视频檚 super important for parents to teach their kids in order (for them) to be confident with finances,91裸聊视频� said Smith.

With her two-year-old daughter, Smith goes grocery shopping with cash to show her how much they91裸聊视频檙e physically spending in a single grocery run. This, she said, can be a good first step to getting children familiarized with money and spending power.

Smith also opened up a savings account for her daughter and takes her to the bank to deposit money whenever she receives monetary gifts to introduce her young one to the world of banking, she added.

91裸聊视频淓specially from (the age) of one to four, they say you imprint a child and they look at what you91裸聊视频檙e doing and they kind of mimic that for the rest of their lives, and so I just think that it91裸聊视频檚 super important just to show them, whether they understand the concept or not,91裸聊视频� said Smith.

Books are another way that Smith recommends people to introduce their children 91裸聊视频� or themselves 91裸聊视频� to personal finance. For example, she has a copy of 91裸聊视频淭he Richest Man in Babylon91裸聊视频� by George S. Clason, which she plans to pass down to her daughter once she91裸聊视频檚 able to read and understand its concepts.

At BlueShore Financial, financial adviser Nico Wong said they offer a program for young children, whereby they give them a piggy bank with three sections 91裸聊视频� one for spending, one for saving and one for sharing, the latter being for money they can donate to charitable causes.

The concept is one that Wong suggests parents adopt at home, by purchasing a piggy bank or jar from their local dollar store, to create a similar system for their children when it comes to saving, spending and sharing so that they can learn the basics of money management.

As for adults who were taught little to no financial literacy growing up, Wong said they would benefit greatly from speaking to financial advisers or bankers and stressed that 91裸聊视频渁ny time is a great time91裸聊视频� to seek financial advice.

If they have children, he said they can then take home that same advice and knowledge and share it with them.

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