Author Archive for Elizabeth

Financial Literacy is the Tool

One of the barrier’s between privileged and poor is financial literacy.  Since our start, Kids Cash has been all about teaching children how to handle cash.  Nowadays, when teenagers get the first feeling of having money, it is usually just deposited into an account.  This makes it harder to teach money handling skills. believes “Financial literacy is the tool, financial dignity is the goal and financial inclusion is the way” … they “build bridges between corporate America and underserved communities”…  like the goal of Kids Cash, they … “hope to provide the underserved with the tools, knowledge, and resources needed to fully participate in—and benefit from—a thriving capitalist economy.”

Let’s keep talking about it and bridge the gap – everyone has the right to be taught financial literacy, not just the privileged.


Primordial Prevention

YES !!   Primordial Prevention.  This is our new focus.

Described in Potential Clinical Translation of Juvenile Rodent Inactivity Models to Study the Onset of Childhood Obesity, an article by Dr. Roberts and others, University of Missouri in Columbia,, Primordial Prevention is defined as prevention of the development of risk factors in the first place, while primary prevention is defined as interventions designed to modify adverse levels of risk factors once present (79).

WOW !!   Children of today will be the first to experience  their life expectancy to decline from childhood obesity.

Again, if you have children, grandchildren, neices & nephews, if you are policymakers, in the financial world at all, tell the overseers of children to start teaching A C T I V I T Y.

This is why Kids Cash was created over 20 years ago … let’s get the word out, teach children to be active both with sports but as well with pitching in around the house and at the same time, teach them to work for reward, like you do in your employment.

When reports like this come out every few weeks, I love that our researchers are proving what we mostly in part knew, but it gets me inspired to get behind any policymaker who can see a long term vision, like myself.

Here are related links:

To Understand Childhood Obesity, Researchers Look to Inactive, Fat Rats  “The researchers assert that findings from a variety of studies of juvenile obesity in humans show that children who are inactive in childhood are significantly more likely than those who engaged in exercise when young to continue this habit into adulthood.”

Physical inactivity causes 1 in 10 deaths worldwide, study says “Public Health Officials treat this situation as a pandemic”



Canada’s Economic Strengths Include Improving Financial Literacy

If you are like me and want our children to understand the value of a dollar, then keep your eye on Harper’s Government…

Today in Chicago, Illinois, April 23, 2012, at the Federal Reserve Bank of Chicago’s Financial Literacy and Education Summit, James Rajotte, Member of Parliament for Edmonton–Leduc and Chair of the Standing Committee on Finance, called attention to the Harper Government’s continuing commitment to further protect consumers by improving financial literacy throughout the country.  (He was speaking on behalf of Minister of Finance Jim Flaherty.)

Mr. Rajotte named key initiatives like the appointment of a Financial Literacy Task Force and a new Financial Literacy Leader Act which will appoint an individual who will strengthen the financial literacy of Canadians.

Can someone tell the Minister of Finance that Kids Cash has been doing exactly that … teaching children how to earn, spend and save money … teaching the next generation !!

If you have any stories to share about teaching young children how to earn, spend and save money that you would like posted for others to see, drop me an email.


Television Reduces Life

Wow! The circle of life…

1990, in an Australian city (Townsville, Queensland), I started teaching my children about the effects of too much television.  Little did I know (I’ve been living in Canada since 1994), that Researchers in Queensland, Australia now have proof that television reduces life expectancy!

Not only are hours spent in front of the television hours you’ll never get back, they may be hours actually taken off your lifespan, Researchers found.  Every hour a 25 year old (or older) watches television, is estimated to lower their life expectancy by nearly 22 minutes, Dr. J. Lennert Veerman, University of Queensland and Colleagues reported in the British Journal of Sports Medicine.  “Those who spend an average of 6 hours per day in front of TV are expected to live 5 years less than those who did not watch TV.”

They created a lifestyle data table using data from the Australian Bureau of Statistics and the Australian Diabetes, Obesity, and Lifestyle study, which was begun in 1999 with 11,247 participants 25 and older.  In 2008, participants watched almost 10 billion hours of TV.  Researchers estimate these hours were associated with a loss of 286,000 life years for that year alone.  Researchers reported that this compares to, “…tobacco use estimated at a loss of 178,000 life years in 2008, not getting enough exercise at 127,000 lost life years and obesity 109,000 life years.”

“TV viewing is a public health problem.”  They noted that, without TV viewing, the life expectancy at birth of Australian men in 2008 would have been 1.8 years higher than observed; for women it would have been 1.5 years higher.  Also that, “Sociodemographic groups who have a high prevalence of TV viewing — those with lower levels of education, those living outside of state capital cities, and the unemployed — may be particularly at risk.”

Conclusions – TV viewing time may be associated with a loss of life that is comparable to other major chronic disease risk factors such as physical inactivity and obesity.

Makes you rethink the theory – “No more than 2 hours of screen time per day for children!”

Talk About Money Management With Your Children

Thank you to Bill Tibbo from FUNctioning Families for his article in the Aurora Snap newspaper, February 2012 issue. I previously ‘blogged’- communication is a key element in training up our children, talking about money management with your children is as important as learning to ride a bike. Kids Cash is giving parents the tool to help train children in real-life situations using ‘cash’, but not money from our wages. In the same manner as Bill had his children invoicing him for completed chores, Kids Cash teaches children to think about what they do and how it impacts the household when we all pitch in while at the same time learning about money coming in and out of our hands in a real-life situation. I’ve said for years, tell your money where to go, don’t let it tell you where it wants to go. Good luck … when we try different ways, the results can be realized many years later.