Financial Literacy

There are a number of resources available to help you learn how to be financial savvy. Talk to your parents or other people who know about saving and stocks. Let them know about the stock market project we’re doing and get free financial advice!

I wish that our school system focused on financial education and being a conscious consumer. Check out this article about American debt. It has some amazing statistics, such as 43% of American households spend more money than they earn. In plain math terms, earnings < spending = DEBT!

One super valuable piece of advice I have for you is that when you get a raise, keep your spending habits the same and invest the extra money from the raise. Most people get a raise and start to spend more and their lifestyle gets bigger than their income. Uh-oh.

To help you make intelligent financial choices, I created Money “Cents” for Kids, a lens for parents, kids and teachers. It has resources and games, and stuff for your parents too.

Remember the “Rule of Three” that we talked about the first day of school? I included that on this site. Imagine what a positive impact we could make if everyone taught several friends the Rule of Three. Make a commitment to tell three people this week about it.

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1 Comment »

  1. “One super valuable piece of advice I have for you is that when you get a raise, keep your spending habits the same and invest the extra money from the raise. Most people get a raise and start to spend more and their lifestyle gets bigger than their income. Uh-oh.”

    Or if you owe money on your credit card, use the raise to help pay it off quicker – saving you interest, which puts even more money in your pocket!

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