Student elections will no longer be supported on myInvolvement as of June 1, 2024. If you have any questions please reach out to myinvolvement [at] mcgill.ca.
Event
Financial Skills: Children & Your Money
Tuesday, October 29, 2019 18:30to20:30
Arts Building
853 rue Sherbrooke Ouest, Montreal, QC, H3A 0G5, CA
You have probably heard that raising a child from birth to adulthood can cost a few hundred thousand dollars. Given the rising cost of education, what are some places where you can cut back without depriving yourself or your children? How can you improve children's financial literacy early on and help them establish good money habits? What is the difference between individual, family, and group RESPs? How are the Quebec Parental Insurance Plan and the Canada Child Benefit calculated? This workshop will tackle these and other related topics based on some of the latest available data from development psychology, behavioural economics, and finance.
Learning Outcomes:
- Know the difference between individual, family, and group RESPs.
- Be aware how you can help improve your children's financial literacy early on.
- Learn how the Quebec Parental Insurance Plan and Canada Child Benefit are calculated.