Being financially prepared for your new baby can help you focus on what matters most. Explore ways to manage money while on mat leave, paying for daycare, and help your kids build a strong relationship with money.
![post card image](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/thumb-hidden-costs-of-parenthood_402x-2.jpg?quality=80&w=680)
The mashing of your DNA will result in a myriad of surprises and unexpected expenses (orthodontic work and a left-handed pitcher!). Are you prepared?
How much is it to raise a child in Canada? Discover the costs you'll encounter and how to keep them down.
Looking for options to help reduce the cost of childcare? These strategies for working parents can help.
Get family-friendly ideas and strategies for talking to kids about the economy and how a recession might impact them.
Tools, Calculators, & Courses
More From Parenthood
![Teenage boy counting dollar bills at his desk, putting them to piggybank](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-08-25T144933.819.jpg?quality=80&w=320)
How do you teach your kids about money matters? Integrate financial literacy into your everyday life with these tips.
![Young girl with a piggy bank and cash in hand, dreaming about the future](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-08-23T102956.492.jpg?quality=80&w=320)
Tips to help you support kids as they start to learn about money matters and saving for their goals.
![Happy young African American girl in bright pink shirt, playing with colorful wooden blocks](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-25T160650.609.jpg?quality=80&w=320)
Looking for options to help reduce the cost of childcare? These strategies for working parents can help.
Product Solutions
RBC Leo’s Young Savers Accounts
Set your kids up for success with valuable real-life money skills.
Mydoh
Download Mydoh and Help Your Teens Learn the Value of Money
RBC Financial Planning
Being financially prepared for your new baby can help you focus on what matters most.
Registered Education Savings Plan (RESP)
An RESP is a tax-sheltered plan that helps you save for a child’s post-secondary education faster.
![Anu Bidani, founder of STEM MINDS and Inno-Hive](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/TD_STEM.jpg?quality=80&w=320)
Discover how Anu Bidani's passion for her children's STEM learning inspired a business that's reached 50,000+ kids today.
![Smiling woman stands behind child wearing apron who is high fiving a man.](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Thumbnail-default-869-1.jpg?quality=80&w=320)
Many kids possess an entrepreneurial spirit. Here are creative ways to help them think about starting their own businesses one day.
![post card image](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Thumbnail-default-624-1.jpg?quality=80&w=320)
Personal take: Kid-related costs I didn't see coming (Hint: neither diapers nor hockey lessons are among them)