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You Are Here Home » Review & Giveaway » Home & Office » Kids & Money – #MoneyWithLeo

March 13, 2012 By SoberJulie 83 Comments

Kids & Money – #MoneyWithLeo

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Lately we have been teaching our girls about the value of money. When I was growing up this wasn’t really discussed and I ended up not understanding the serious nature of debt. Hubby and I are determined to take a different route with our girls, our eldest seems to have a natural understanding but Miss Chelsea Belle hasn’t quite gotten it yet, she is still under the assumption that we have endless funds as long as we have a bank card available.

We think it is important for our kids to value money even at this age so they are able to make informed decisions and establish a healthy relationship with money in the future.

RBC Royal Bank has released a new iPad application, Learning Money With Leo which we have been using with Chelsea.

Learning Money with Leo features a variety of kid-friendly and interactive games (Match It game, Gather The Coinsand Spot The Differences)to teach your children everything from earning, to saving, to spending money.

money-with-leo

As your child plays each game they’re able to earn coins, which can be used to buy stickers for their very own virtual sticker book.

learn-money-with-leoChelsea loves the games, she can easily recognize the coins and has become quite serious about filling her virtual sticker book using the coins she earns in the games.

The application is available for free from iTunes in both English and French.  You can find out more tips on teaching your kids about money here on the RBC website.

RBC Royal Bank has provided me a $50 Visa gift card to giveaway to one lucky Canadian reader!

Enter by filling out the Rafflecopter form below, winner will be drawn on April 20, 2012.

 



a Rafflecopter giveaway

Disclosure – I am participating in the RBC Learning Money With Leo program by Mom Central Canada on behalf of RBC Royal Bank.  I received compensation as a thank you for participating and for sharing my honest opinion. The opinions on this blog are my own.

Filed Under: Home & Office, Misc, Review & Giveaway, Sponsored Posts

Reader Interactions

Comments

  1. Kelly D says

    March 13, 2012 at 5:21 pm

    Teaching my children about money is important because they will need to have this understanding so they won’t be consumed by debt when they are older.

    Reply
  2. joveena says

    March 13, 2012 at 5:34 pm

    I am a previous banker, so I know the trouble folks can get into when Money Management isn’t learned at any early age.

    Interactive games or in this case an iPad app. is a great way to teach kids but remember kids really model “good money habits”.

    Reply
  3. By Word of Mouth Musings says

    March 14, 2012 at 12:13 am

    it really is tough to teach our kids value in this day and age – good for you for getting in there!

    Reply
    • SoberJulie says

      March 14, 2012 at 8:33 pm

      Picturing my girls knowing as little as I once did frightens me enough to get moving on it!

      Reply
  4. Mark says

    March 14, 2012 at 8:41 am

    Good idea, I’m going to send this to Fred to install for the kids.
    Thanks!
    m.

    Reply
    • SoberJulie says

      March 14, 2012 at 8:33 pm

      It really is GREAT Mark, I am obviously not good at explaining money……spend 5 minutes with Chelsea and you’ll see that but this app really is teaching her!

      Reply
  5. Athena says

    March 14, 2012 at 11:20 am

    Kids seem to think money grows on trees, and I think it’s a great learning tool.

    Reply
  6. Tina says

    March 14, 2012 at 8:49 pm

    This is great! I wonder how many adults will benefit from it as well?

    Reply
  7. Tina says

    March 14, 2012 at 8:55 pm

    Teaching children about money is very important so that they will grow up to be financially responsible adults. Programs like this would have made my life a lot easier! I had to learn things the hard way.

    Reply
  8. Soozle says

    March 14, 2012 at 9:13 pm

    Kids today seem to have so much more at their disposal these days – it’s nice to see when they understand they the material objects that are so common actually cost money and the hard work that it takes to MAKE that money!

    Reply
  9. angela m says

    March 14, 2012 at 9:34 pm

    I think it is very important to teach children about money at a early age so they don’t get into debt when they are older.
    thanks
    flower_child_23(at)hotmail(dot)com

    Reply
  10. Morgan d says

    March 14, 2012 at 9:42 pm

    I think it is definitely important that our kids learn This! I’ve been working wIth my 6 yr old on this

    Reply
  11. Jennifer says

    March 14, 2012 at 10:11 pm

    I want to see my kids learn about money in a way that I never was. I have been teaching them about saving, spending and budgeting so that hopefully that don’t have to deal with debt as I have.

    Reply
  12. Bree says

    March 14, 2012 at 10:13 pm

    It is important to teach my children about money so they understand you have to earn it, respect it and become responsible about it.

    Reply
  13. Jennie Yuen says

    March 14, 2012 at 10:17 pm

    Kids need to learn to save and spend wisely as well as knowing the difference of need and want.

    Reply
  14. belinda m says

    March 14, 2012 at 10:29 pm

    Teaching my kid about money is important because I want him to be responsible with money when he grows up and understand the value of a dollar

    bluebelle0367(at)hotmail(dot)com

    Reply
  15. Tanya D says

    March 14, 2012 at 10:43 pm

    It’s important because I want my kid’s to know how to budget and live with in their means and how to save regardless of their income. Debt causes stress and I don’t want that for them.

    Reply
  16. Glogirl says

    March 14, 2012 at 11:08 pm

    I don’t have children but teaching them about money is important to help lay the foundations for money management later in life.

    Reply
  17. Rosequeen says

    March 14, 2012 at 11:17 pm

    The app. is a fabulous idea, teaching kids in a fun way they can relate to and enjoy. They’re never too young because as you said Julie, some kids think the bank machine will simply keep giving it away.

    Reply
  18. Rebby says

    March 15, 2012 at 12:21 am

    It’s so important to teach kids the value of money because too many people these days take it for granted. Kids need to know to manage money NOW so that we can all have a financially secure world in the future!

    Reply
  19. stacey dempsey says

    March 15, 2012 at 7:33 am

    I think it is really important that they know how to handle their money and really understand the value, alot of kids think it literally grows on trees lol, I found letting my kids handle their own at an early age really helped them understand how it works

    Reply
  20. Eva U. says

    March 15, 2012 at 2:33 pm

    EARN AND SAVE. Another important factor – ALWAYS have money readily accessible in case of emergencies ! You can’t always get to a BANK with things are chaotic !

    emu839(at)gmail(dot)com
    eva urban

    Reply
  21. Katrina Brady says

    March 15, 2012 at 2:35 pm

    I believe it’s important to learn your independance when you are young. Especially if you are a girl. I wanted my kids to know that they can rely on themselves. I wanted their relationships to be developed with independance. I started giving them an allowance when they were five. We then had then put part of it in a jar and once a month we would deposit it to their bank account and they got to watch how it grew!

    Reply
  22. Sarai says

    March 15, 2012 at 10:08 pm

    So that she learns to value it and doesn’t go into debt

    Reply
  23. Tina says

    March 15, 2012 at 10:08 pm

    Teaching kids about money is important so they understand the value of money and are responsible.

    Reply
  24. Laura P says

    March 16, 2012 at 6:20 am

    It is important because it is a skill they will need throughout their whole lives.

    Reply
  25. Samantha D says

    March 16, 2012 at 10:42 am

    I think they’ll be far less likely to have debt in the future if they understand how money works

    Reply
  26. Jennifer Barata Allen says

    March 16, 2012 at 2:47 pm

    Teaching them will set them up for life.

    Reply
  27. Karla Sceviour says

    March 16, 2012 at 9:42 pm

    I think teaching kids about money is important so they grow up responsible and know how to use money and save,and ultimately not go into debt!
    ksceviour at hotmail dot com

    Reply
  28. Debbie Cahoon says

    March 17, 2012 at 9:21 am

    if you teaach children when they’re young then when they are soley responsible they know exactly how to budget to make ends meet instead of going into debt over their heads

    Reply
  29. Hermano Buster Bluth says

    March 17, 2012 at 2:13 pm

    I don’t have children yet, but I wouldn’t want them to make the same mistakes that my siblings have made.

    Reply
  30. Sunshine G says

    March 17, 2012 at 2:17 pm

    My little girl is going to learn about money from when she can count – it’s the most important skill she can have!

    Reply
  31. Anu Chopra says

    March 17, 2012 at 3:33 pm

    Kids need to know the difference between needs and wants and how to spend wisely. They need to learn that if they really want something, they need to save their money! If they don’t save their money, they won’t be able to get what they want.

    Reply
  32. Brandon says

    March 17, 2012 at 8:55 pm

    It is good to teach children about money so they grow up to be financially responsible, and not end up in debt

    Reply
  33. Kona Lynn Sankey says

    March 17, 2012 at 10:54 pm

    As a family on disability, spending-money is hard to come by… my daughter needs to learn to use what is available wisely.

    Reply
  34. Janette says

    March 17, 2012 at 11:17 pm

    So important to learn early that most money is earned and that a portion of it needs to be saved

    Reply
  35. Jennifer L. says

    March 18, 2012 at 8:05 am

    It’s important to teach my son about money because I hear of so many adults not handling money well. I want him to learn how to be responsible with it from a young age.

    Reply
  36. loriag says

    March 18, 2012 at 11:36 am

    I think it is even more important to teach out children about money with the state of the economy and the personal debt level they need hope for the themselves to be able to be solvent when they are older.

    Reply
  37. Vesper says

    March 18, 2012 at 12:34 pm

    Its important that they learn the value of money and that it has to be earned so that once they have left home they will be able to manage their financial affairs

    Reply
  38. Maegan Morin says

    March 18, 2012 at 2:32 pm

    I just want my kids to know that money is hard to come by. I want them to be responsible and know the value of earning and using their own money to purchase the things they want

    Reply
  39. Sassy says

    March 18, 2012 at 2:55 pm

    My dad taught me the importance of money and saving. Unfortunately it never got through to my eldest brother and sister. I want to make sure my kids understand the importance so they don’t have to put themselves through what my siblings have.
    sassysasha817 at gmail dot com

    Reply
  40. Debbie Kennedy says

    March 18, 2012 at 3:45 pm

    Kids need to respect people as well as their money. If they don’t treat it with care, it will do the same to you.

    Reply
  41. maria says

    March 19, 2012 at 12:04 am

    Were nowhere near being rich or well off and everything is so expensive so they must learn the value of a dollar if they want a good future.

    Reply
  42. Samorjj says

    March 20, 2012 at 12:15 am

    I want making wise money decisions to be part of their life at an early age.

    Reply
  43. gramt says

    March 20, 2012 at 11:04 am

    Teaching your children the value of money saving and investing at a early age has great benefits

    Reply
  44. Stephanie LaPlante says

    March 20, 2012 at 3:04 pm

    So that everyone grows up frugal and responsible

    Reply
  45. Crystal Quinn says

    March 21, 2012 at 12:19 pm

    I want them to know how to save, how to spend and the value of money that they earn ! Sounds like an app, we will be trying out.

    Reply
  46. Sarah says

    March 21, 2012 at 12:33 pm

    My husband and I are in the process of learning how to properly manage our money after finally facing how much financial trouble we are in. Unfortunately, our oldest daughter is displaying the same attitudes toward money that got us into trouble. We desperately want to teach our children the proper approach to finances so they don’t end up where we are.

    Reply
  47. Dagmara says

    March 21, 2012 at 10:44 pm

    So they can learn from early child how to budget the money when they will be adults

    Reply
  48. shauna says

    March 22, 2012 at 5:45 pm

    my kids need to try that game out, hopefully learn what money means.

    Reply
  49. Journeysof TheZoo says

    March 23, 2012 at 3:53 am

    It’s a life skill that will help them succeed in life.

    Reply
  50. Brenda Witherspoon-Bedard says

    March 23, 2012 at 8:32 pm

    so that they can learn to save

    Reply
  51. meredith says

    March 23, 2012 at 9:29 pm

    i think having a great understanding of money and savings will help them be fully functioning autonomous adults !

    Reply
  52. Samorjj says

    March 24, 2012 at 2:07 pm

    TO help them be financially prepared and responsible adults.

    Reply
  53. Myra Rzepa says

    March 25, 2012 at 4:48 pm

    Teaching children about money is very important because its an essetial part of life. They are going to need to learn how to manage and maintain their money when they get older. Its great to teach them when they are young so they have a good start in life.

    Reply
  54. Jonnie (JB) says

    March 26, 2012 at 3:04 am

    It’s important to me that my kids understand that they have to earn money and that saving money gives you freedom in the future. I hope these lessons make them financially responsible adults so they have less stress in their lives.

    Reply
  55. SueSueper says

    March 26, 2012 at 9:06 pm

    Teaching the kids the about saving is important. They need to learn to save up for things they want and that money does not come easy.

    Reply
  56. Leanne m says

    March 27, 2012 at 2:47 pm

    It’s important because they needs those skills when they become adults.

    Reply
  57. Sandra says

    March 27, 2012 at 7:33 pm

    It’s important to teach kids about money so they will understand its value.
    wrotek5 (at) gmail (dot) com

    Reply
  58. Jackie says

    March 28, 2012 at 3:09 pm

    I want my kids to grow up knowing how to handle money – how to save, to spend wisely and to be in control. I didn’t and learning it late isn’t as good as learning it early.

    Reply
  59. Dreena says

    March 29, 2012 at 3:16 pm

    It is important for them to learn the value of a dollar, how to spend wisely, how to save, and how to invest….best to teach this while they are young.

    Reply
  60. Doris C says

    March 30, 2012 at 4:33 am

    I think they should learn how to earn money and save for things they want, and not that everything is handed to them

    Reply
  61. Heather, Mmm... is for Mommy says

    March 30, 2012 at 11:02 pm

    Teaching my LO about money is important as I want her to grow up to be responsible with money.

    Reply
  62. Tooth Fairy says

    April 1, 2012 at 11:37 pm

    I believe teaching kids how to save money and budget their allowance and cash gifts is really important so they don’t grow up buying with plastic or on credit and living their lives in debt.

    Reply
  63. Darren Gocal says

    April 2, 2012 at 12:50 am

    i love playing life and monopoly with my kids. It helps them to understand money. The best thing I’ve done is sponsor a child from Africa. Having the children write to each other, help them see how fortunate they really are living here.

    Reply
  64. Angela M says

    April 3, 2012 at 1:03 am

    I want my daughter to be able to save money, and be able to pay off her bills each month so she doesn’t ever get overwhelmed in debt.

    Reply
  65. Michelle B says

    April 3, 2012 at 5:32 am

    Teaching my kids about money is important so that they don’t go into debt .

    Reply
  66. Lisa P says

    April 3, 2012 at 11:58 pm

    It’s important to me because otherwise you end up a 20-something running up credit card debts or having bills paid by your parents without any concept of money or how it works.

    Reply
  67. mamawee (ashley picco) says

    April 7, 2012 at 10:27 am

    it’s important to me that they learn to budget – and not live on credit

    Reply
  68. Tasha W says

    April 7, 2012 at 11:43 pm

    I think it’s important to teach children the value of money by teaching them to save and not waste it on things they really don’t need.

    Reply
  69. B C EDWARDS says

    April 8, 2012 at 9:58 pm

    kids need to know that they are not going to get everything handed to them. (esp those kids screaming in walmart)
    they need to know the difference between needing and wanting, esp as they age and hit college years. They will NEED food , they won’t need that xbox360 game

    Reply
  70. Greta Bomberry says

    April 9, 2012 at 12:54 pm

    Kids are being led down the garden path if they are given everything, when they go out on their own its a cold world out there, parents should prepare them for it

    Reply
  71. Leah says

    April 9, 2012 at 3:41 pm

    It’s important because it gives them a good foundation to understand the way the world works

    Reply
  72. Ashley says

    April 10, 2012 at 12:03 am

    My husband and I came into marriage with two different financial personalities. I’m a saver, a budgeter and maybe a little cheap. He’s a spender, had copious amounts of debt and didn’t care what was in his account. I want our children to be responsible, to be more like me with the ability to spend when they can or need something (took me 3 months to buy pants that didn’t fall off…). We both believe if they start now, they won’t face the same struggles he did.

    Reply
  73. Karry Knisley says

    April 12, 2012 at 7:17 pm

    It is important to teach my kids about money because with more people in debt and claiming bankruptcy, the financial future is very bleak. If they learn to save and good money pratices today, hopefully they will carry them to their future

    Reply
  74. Heather T says

    April 12, 2012 at 10:27 pm

    I want to instil important lessons in my kids – and the value of being wise with money is a very crucial one. Kids can never be to young to learn this. :)

    Reply
  75. Shirley says

    April 13, 2012 at 3:07 pm

    So they form good habits at an early age.

    Reply
  76. Mag says

    April 14, 2012 at 1:48 am

    So they grow up to be financially responsible adults.

    Reply
  77. Jessica Bleasdale says

    April 14, 2012 at 4:08 am

    they need to learn at a young age that money doesn’t grow on trees

    Jessica Bleasdale (JACB)
    sexxyjessi at hotmail dot com

    Reply
  78. Amy Brown says

    April 16, 2012 at 2:23 pm

    It’s important that she knows the value of money at an early age so she won’t fall into too much debt as she gets older.

    Reply
  79. Kim Greig says

    April 17, 2012 at 11:48 pm

    It’s important so that as they get older, they will be able to handle money well and not fall into debt that they can’t get out of.

    Reply
  80. paul sharpe says

    April 19, 2012 at 8:01 am

    to many people are in debt today that we need to teach are children not to make the same mistakes

    Reply

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