Christmas without financial stress: tips for a rewarding Christmas

01 December, 2021

While Christmas is often a time when generosity and tradition intertwine in a whirlwind of gifts and excitement, it can also be a great opportunity to teach our children important lessons about finances and the value of things . In this video, Dominique Lépine offers you different ways to rethink the way we approach Christmas gifts and how to turn it into a financial education opportunity for our children.

The “Gift Challenge”

Rather than simply buying expensive gifts, why not encourage people around you to create unforgettable experiences for children on a budget ? This approach will focus on creativity and ingenuity rather than the price of gifts, and will allow children to discover the value of experiences and memories over material possessions.

Managing a budget

Involve children in budgeting, such as giving them a set amount of money to plan a day of activities or to buy their own gifts. This will help children learn how to make financial decisions and manage their resources responsibly, as well as prepare them to understand the value of money and make informed choices.

Shares as a gift

Rather than giving material gifts to children, why not invest in stocks in their name? Not only will they get hands-on experience in the world of finance, they will also be introduced to property ownership and long-term investments, as well as being made aware of important aspects of the modern economy such as the different types of businesses that exist and the ethical values ​​they uphold.

Finally, rethinking the way we give gifts at Christmas can not only make this time a more meaningful and rewarding experience for our children, but also provide them with essential financial skills for the future . By incorporating financial education into our Christmas traditions, we help prepare our children to make responsible financial decisions and thrive in a complex and ever-changing world.

For more ideas and ways to make your Christmas enriching , watch this video!

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