Practical advice and resources for parents and educators who want to support a young woman as she builds her financial knowledge and confidence.
Talking about money with a young adult isn’t always easy. The good news is that you don’t need to be a financial expert to make a positive difference.
Your role? Start the conversation, encourage her to ask questions, and help her find reliable resources so she can make informed decisions for herself.
1. Introduce her to Be Your Money’s BFF
Be Your Money’s BFF is designed to help young women better understand their finances, build confidence, and make their own financial decisions—all in a judgment-free space, without the complicated jargon.
From budgeting and saving to investing and navigating conversations about money, BFF provides practical content and tools that make personal finance easier to understand and apply to everyday life.
2. Explore additional resources
These free, unbiased resources can help her learn more about key financial topics.
- To start the conversation—Tools to teach your child about money
The Financial Consumer Agency of Canada offers practical tips for making money conversations a natural part of everyday life and discussing topics such as saving, spending, and financial independence.
- To help her take action—Practical financial tools
The Autorité des marchés financiers offers free resources and calculators on topics such as monthly budgeting, credit cards, compound interest, and other financial concepts relevant to young people.
- To help her learn the basics—Personal finance fundamentals
The Financial Consumer Agency of Canada offers a program created specifically to help young adults build their financial knowledge and skills.
3. Most importantly, keep the conversation going
You don’t need to have all the answers to start talking about money.
Ask her what she hopes to achieve with her money. Listen without judgment. Share what you’ve learned—including the mistakes you’ve made along the way. And if you don’t know the answer to a question, look for it together.
A few questions to get the conversation started:
- What would you like to be able to do with your money over the next few years?
- Is there anything about money or personal finance that you find especially confusing?
- Does talking about money make you feel stressed?
- Is there a financial decision you’d like to learn more about?
- How can I support you without making decisions for you?
