Financial Literacy – Raise Your Financial IQ Today

people drinking coffee at a table

Let’s be honest; many of us lack basic financial literacy skills. Don’t think that a true statement? Consider the overwhelming data to back it up. The average personal debt (exclusive of home mortgages and among those with some debt) exceeds $38,000. According to Northwestern Mutual’s …

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Learn How to Money During Financial Literacy Month

how to money

Do you need to learn how to money? Don’t feel bad if you do. Worldwide, only 1-in-3 adults are financially literate. Not only is financial illiteracy widespread, but there are significant variations among countries and groups.  For example, women, the poor, and lower educated respondents …

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Financial Literacy – a Marathon, Not a Sprint

financial literacy

Championing Financial Literacy has certainly been a marathon and not a sprint for me. That’s a good thing since nobody would ever describe me as being fast. Today officially kicks off financial literacy month in the United States. Here’s the history of how the month-long …

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Financial Literacy – Raising Your Financial IQ

Let’s be honest; many of us lack basic financial literacy skills. Don’t think that a true statement? Consider the overwhelming data to back it up. The average personal debt (exclusive of home mortgages and among those with some debt) exceeds $38,000. According to Northwestern Mutual’s …

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The Cost and Fear of Moving Out

moving out

Have you ever considered moving out, and living on your own? That thought might mean eating peanut butter straight from the container, watching whatever you want on TV, staying up until sunrise without bugging anyone — living on your own is great. That freedom comes …

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How to Plan for Your Financial Future After College

Your first year after graduating from college involves a lot of big changes. There’s a good chance your major responsibilities during the last four years consisted simply going to class and getting your homework done. Now that you’re out in the real world – with …

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Why Financial Stability Matters to Me

Financial Stability

For years I never even considered financial stability something I should be concerned about. If I could make my monthly bills and minimum payments, I felt I had a handle on my money. Little did I realize I was slowly accumulating a giant pile of …

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Kid Finance: Money Teachings And A Dad’s Bleating

As part of Financial Literacy Month (#FLM2018), I’m featuring guest posts and interviews on the topic all month-long. Please welcome Carl, from 1500 Days to discuss kids and money.

My youngest daughter is afraid of money, at least in the form of coins. If she notices a quarter on the ground, she’ll go out of her way to keep a safe distance. I’m not sure where this irrational fear comes from (Not me! I love money!), but she won’t go near buttons either. We had to ask her school to make an exception to the dress code because she won’t go near a shirt with buttons. She is not a fan of small, round objects.

My older daughter loves money. She has piggy dinosaur banks that she stores it in:

money

And once Older Daughter has money, she’s incredibly careful about spending it. We give her free will to spend her money on whatever she wants; she earned it after all. However, more often than not, she’ll go home from the store empty-handed. Older Daughter has always been this way.

Money fearing Younger Daughter isn’t the same. If she has dollars (No coins!), she’ll spend freely.

I think that my wife and I have done a good job of raising them equally, but that doesn’t mean that they’ll grow up with the same values. We nurture them the same, but nature has its say too. Our children are vastly different people.

money

I want my daughters to be many things, but this post is about money, so let’s focus on that. Instilling good financial values in children isn’t easy.

How should I go about teaching them about money?

When is a good time to start?

What is the public school’s responsibility in financial education?

How do you teach an 8-year-old that saving is important?

How do I get through to my girls’ different personalities?

Before I get to that, let’s take a trip down memory lane.

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Financial Literacy: Teaching Kids About Money

teaching kids about money

Let me just start by saying teaching kids about money is hard. Hey, y’all! I’m Hannah Rounds, a writer and occasional blogger (UnplannedFinance.com is my site). My husband and I have two kids, Kenny age 4 and Shirley age 2. For Rob and I, the …

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