Posts Tagged ‘financial education’

Financial Literacy- Does It Still Work?

Posted March 30, 2009 by Bernz

Financial literacy means being savvy with your cash flows and understanding your financial transactions in order to make better decisions that will protect and increase your wealth. Many feel that financial literacy is no longer useful or relevant in the face of our current economic meltdown. They feel that, no matter what consumers know or do, they will be hurt in this recession.

financialiqHowever, financial literacy is more important than ever. Understanding your financial position and how to navigate through tough economic times will give you a leg up in ensuring your financial security.

The people who will survive and thrive in today’s economy are those who have a handle on their personal finances. They know what they own and what they owe and they know where the cash is coming from and going. Every dollar that comes in has a name- meaning they know exactly where it is going.

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Posted in 401k, Debt, Estate Planning, Financial Education, Financial Goals, Index Funds, Investing Basics, Investing in Real Estate, Investing Strategies, IRA, Life Insurance, Loans, Mutual Funds, Retirement Planning, Roth IRA, Saving for College, Saving Money, Simple IRA, Stock Market Investing, Tax Reduction, Traditional IRA, Wealth Building | No Comments »

Should Financial ED be required in high school?

Posted November 28, 2008 by Bernz

Should high schools require students to take Financial Ed and should there be a requirement for students to pass a financial ed course before they graduate? Would financial education be more practical than learning Algebra and Calculus? I mean if public schools can require students to take foreign language courses, shouldn’t they require them to spend the same amount of time learning about financial management?

30b2b89fd4d040aab630bfc5a545c08b1My thinking is if students come out with more financial knowledge they can learn the value of investing and the responsibility that comes along with spending.

High school students make buying choices even if they don’t have significant buying power. And as soon as they turn 18 or step foot on a college campus they are faced with credit card offers. Yet have they been taught anything about avoiding fee traps, how to choose the best credit card deals and ways to protect a low interest rate? Likely not. Are young adults knowledgeable about purchasing cars or starting a savings plan? Likely not. (more…)

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