I think teaching kids about money should be in schools just like teaching kids and teens about reading, writing, and ABC’s. Why, because once you learn the basics of money and savings early then it would be effortless to continue the teaching and building upon what they have learned. Financial literacy for children will be far to easy to teach and cost less money when children are younger than waiting until they are freshman in college and being introduced, possibly, for the first time, with financial responsibilities.
When, I was in school I had to get my parents signature before I could get a credit card. Of course, now it is different. College students are bombarded with free trinkets just to fill out an application! Kids and teens should know that saving money is like brushing teeth or combing hair. It should be a habit. Parents are responsible for teaching their kids. But how? How can a parent who never learned themselves about being financially savvy, teach their kids and teens?
The United States has just started adding financial literacy in the schools. Each state has its own programs. Check with your state to see if there is a financial literacy program available. The Kid$ Money College is the only program that teaches kids from the ages of 5-18. The skills that are developed now will be crucial to the children’s future. The basic skills are counting money to the more advance skills are taught. Some of the lessons are, learning what is money, how to have great credit, investing and retirement planning.
Once the children learn to effectively manage the money process then they can possibly teach their parents about how to spend and save. In the meantime, kids need to understand money like they understand how to read, early. Michelle Oliver, Money Guru, Life Insurance Advocate, and President of the Oliver Financial Group, has over 18 years in the financial, insurance and marketing industry.
Michelle Oliver speaks all over the U.S. to women about women and finances and empowerment issues, and is passionate about teaching and training financial literacy. The Oliver Financial Group motto is “The Oliver Financial Group, Finding Financial Solutions for Today’s Modern Women and their Families.”
If you would like to get in contact with her you can email her at info@theoliverfinancialgroup.com or call 1-800-818-5530. http://www.theoliverfinancialgroup.com
For more information about The Kid$ Money College go to http://www.kidsmoneycollege.com
Article Source: http://EzineArticles.com/?expert=Michelle_Oliver
What a great article Yes we need to know how to manage our finance. I should have taken finance in school instead of gym I am sure it would have helped me in the long run.
Love the look of your blog it is so peaceful and you write beautiful. Thanks Donna http://www.guardyourselfnow.com
Hello Donna, that is the vision that God has given me, to provide the very busy entrepreneur, that also manages family, has personal interests, cares about their health and business. To provide a peaceful place to relax and enjoy the beneits.
This blog wouldn’t be what it is with you (my sponsors). I thank you so much.
I absolutely agree. Financial responsibility is just as important as Health or P.E. and should be a required course in all public school.