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Stock impact report

Your child's first smartphone is also an opportunity to teach them about money [BNN Bloomberg (Canada)]

Roblox Corporation Class A (RBLX) 
Company Research Source: BNN Bloomberg
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. Still, many parents can only hold off for so long on giving their child their first smartphone. And when you do, experts say the onus is on parents to set up the right guardrails on the device, especially as most phones are designed to make spending easier, and sometimes, invisible. “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. There are some obvious costs — the phone itself, a phone plan, a cas Show less Read more
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