Learning About Money

It’s never too early to start talking about money. Whether your child is opening their first bank account or saving for a car, Libro is here to grow with you, every step of the way.

A Libro Coach sitting behind various pages of student resource materials for financial planning and education
null

Introducing Money

Ages 4-8

For young children, it’s a good time to introduce the concept of money, why it is important and how you earn it. At this age, children may have seen you use money when paying at a store or have been given money for a gift. These are great opportunities to discuss the concept of money and be open to questions.

At Libro, we have fun and useful resources for young children to learn about the concept of money. Take a look:

Young girl walking into a Libro branch

Money Basics

Ages 9 to 13

Tweens earning money from allowance, gifts, or small jobs? It’s a great time to open their first Libro savings account! Our Coaches help them learn to save, grow their money, and use a debit card wisely—all in a safe, supportive environment.

At Libro, we have fun and useful resources for tweens to learn about earning and saving money. Take a look:

Child playing hockey

Budgeting & Saving

Ages 14 – 18

Help your teen build financial independence by budgeting with real expenses, like their cell phone bill. Discuss saving, using a debit card, and planning for future costs like tuition and living expenses.

At Libro, we have useful resources for teens to learn about budgeting and saving for the future. Take a look:

Teen with a dog outside

Youth Account Options

graduate

Go Free Chequing

Chevron icon View

Chequing account for those aged 25 and under.


Monthly Fee: $0


Unlimited Transactions

5 free surcharge-free Interac ATM withdrawals*

2 free Request Money transactions per month

Free unlimited Interac e-Transfers

Open Account

Hand holding bag with dollar sign

Youth Savings

Chevron icon View

Savings account for those aged 25 and under.


Monthly Fee: $0


Unlimited Transactions

Open Account

A piggy bank with a coin hovering above it

RESP

(Registered Education Savings Plan)

Chevron icon View

Help your kids reach their dreams by investing in their future today! Start a new automatic contribution to a Registered Education Savings Plan (RESP) and Libro will make the first deposit (up to $50).


Money grows, tax-sheltered


Government grants, learning bonds and more can increase your savings significantly

Open Account

Find a Libro location near you