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Buying your child a smartphone is daunting – but the perfect chance to teach them about money [Globe and Mail, The (Toronto, Canada)]

Roblox Corporation Class A (RBLX) 
There's been a growing push in the past few years to keep phone screens away from tweens and teens. Several school boards banned cellphones in classrooms in some provinces in 2024, while calls to follow Australia's steps in banning social media for those under the age of 16 have grown in Canada. “Giving your child their first cellphone can be a really great teachable moment – an opportunity to build a money lesson naturally into your day-to-day lives,” said Robin Taub, author of the book The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life The first step, she said, is to sit them down and go over various costs associated with phone ownership, and lay out who's responsible for them. Opinion: I waited until my kid was 16 to give him a smartphone. Here's the case for that approach Problematic smartphone use resembles a behavioural addiction, researchers say There are some obvious costs – the phone itself, a phone plan, a case, and s Show less Read more
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