Even the Simplest Lessons Can Give Kids Real-world Financial Skills
Parents often agonize over how to teach their children about money. Some parents lack confidence in their own money knowledge, while others feel their financial literacy teaching skills are inadequate. Yet children are exposed to money – and decisions about how it’s spent – every day. Most financial experts agree that […]
Teaching Children Personal Finance: Delayed Gratification Works
Financial professionals often take on the role of educator, providing ideas and information and helping clients apply them to life choices. For clients who are parents, financial planners also may offer suggestions for teaching their children about money. Besides setting a good example, what are the most effective ways parents can give their kids […]
Experts Offer Resources and Guidance for Building Personal Finance Skills
Financial knowledge is a valuable commodity in today’s world, yet too few American adults possess a sound grasp of money management basics. We asked a group of financial professionals what resources or guidance they might provide that could help our country’s citizens gain much-needed financial skill sets. This article summarizes some […]
Educators Reveal Keys to Gaining Confidence to Teach Personal Finance
If you were asked to teach a financial education course, what would give you confidence in your capability to teach personal finance concepts effectively? That’s the question we posed to a group of financial experts and educators in a recent forum. Their answers revealed that high-quality training – whether obtained through […]
Real-life Context Helps Kids Grasp Money Concepts
Most financial experts will concur that financial education should begin at home, taught by parents to their children starting at an early age and ongoing through young adulthood. But what are the best ways for parents to help their kids gain money smarts? In the following article, several financial professionals describe how grounding […]
Is Gen Edge More Money-savvy than its Parents?
What are the implications of the Great Recession of 2008 for the money skills of future generations? Never mind the Baby Boomers, Generation X or the Millennials (aka Generation Y). Make way for Generation Z, the upcoming generation – the children of the Great Recession, whom some also call “Gen Edge.”
When we asked […]
Most Parents NOT Qualified to Teach Kids Financial Education, According to Some Experts
When the National Financial Educators Council recently asked a panel of financial professionals whether they thought parents should be responsible to teach their children key money management lessons, they received some surprising answers. Although the majority of respondents were in favor of parents teaching kids about finances, a […]
How Do Parents Best Teach their Children Financial Skills? By Example, say Experts
In a recent poll, the National Financial Educators Council (NFEC) asked adults around the U.S. who they believed should bear primary responsibility for teaching children about money, and 65% responded that this task should fall to parents. The NFEC took the question a step further by asking financial […]
Financial Professionals Recommend Empowerment, Plain Language to Help Clients Build Financial Literacy
The recent Great Recession underscored how critical it has become for Americans to learn more about managing their personal finances. But financial experts and educators agree that helping people grasp the importance of improving their financial literacy often presents a substantial challenge. How can financial professionals encourage their […]
College CNBC Article with Vince Shorb
In a recent CNBC article, Money Skills Your Teen Needs for College, the NFEC’s CEO Vince Shorb made some comments that some readers found controversial. Please share your thoughts about his comments below.
Click here to read the full article – Money Skills Your Teen Needs for College.
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