While the school break period is often associated with additional expenses and planning fun activities for the family, Dominique Lépine, financial advisor, offers you her practical tips and advice to address the budgetary issues associated with this period with children .
In fact, spring break can be a great opportunity to introduce children to essential financial concepts . It is therefore important to involve them in budgeting for potential activities and expenses. Rather than giving in to social pressure and spending without thinking, encourage children to participate in the discussion about the spring break budget .
First, take time to discuss different spending options and priorities as a family , and invite children to come up with ideas for activities and think about how they fit into their available budget. In this way, they will learn to value money and make informed choices.
At Dominique’s, president of Belles Combines, the family decided a few years ago to divert the spring break budget to a creative project : building a playroom at home. This experience not only created lasting memories, but also taught the children the value of planning and financial creativity.
The goal is ultimately to introduce children to financial concepts such as the difference between essential needs and wants, prioritizing expenses, and finding alternatives to maximize available budget . By involving children in the discussion and budget planning, you can not only reduce financial stress, but also foster valuable learning and healthy financial habits for the future. This makes spring break an opportunity for growth and financial education for the entire family!
For more advice from Dominique Lépine , financial advisor, take a few minutes to watch this video !
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