Pay Down Debt or Invest?
Pay Down Debt or Invest? The Answer is Complex How is your money best spent: by paying down debt, or by investing? At our financial workshops, some attendees have said they have $10,000 in credit card debt with interest rates of 20% or higher, and several easily liquidated investment accounts earning just 4%. Wouldn’t the best choice be to cash [...]
Best Financial Tips
Professionals Share Best Financial Tips They Received as Teens Navigating today’s financial landscape has become increasingly complicated, and money management for teens is a topic rarely covered in a typical public school curriculum. Yet teens and young adults face many difficult financial decisions that will have a powerful impact on their lives ahead. In March 2017 a team of financial [...]
Youth Financial Futures: Parents’ Burden
Poll: Parents Must Shoulder Burden of Youth Financial Futures Financial literacy statistics clearly show that today’s American youth lack key financial knowledge. But who should be charged to teach our kids how to manage money? In a recent poll by the National Financial Educators Council (NFEC), more than half of respondents said they believe this responsibility should fall on parents’ [...]
Halloween Financial Education Promotion
Personal Finance Columnist Chuck Jaffe Puts Interesting Spin on Halloween ‘Cash for Candy’ Program This year the financial education organization National Financial Educators Council suggested an alternative to the typical sugar binge kids go through at Halloween, one that played the dual role of helping children learn about money. The ‘Cash for Candy’ program [...]
Vince Shorb Money Morning Interview
Vince Shorb Discusses Tips for Improving Financial Wellness Recently Vince Shorb, the National Financial Educators Council CEO, discussed his personal finance philosophy and consumer tips for improving financial literacy with Money Morning News. This post summarizes the conversation. The NFEC mission, says Shorb, is to help people gain the knowledge they need to make informed, qualified financial decisions that improve [...]
Activity Helps Teach about Money
Having Kids Identify ‘Happiness Factor’ in Halloween Activity Helps Teach about Money, Professionals Say As an example of financial literacy games, Cash for Candy offers an excellent opportunity to help kids identify the ‘happiness factor’ in trick-or-treat candy, claims Denise Downey of Financial Trex. That is, for any given object, have kids decide how much happiness it produces. “How [...]
Teaching Kids Money Halloween
Financial Professionals Weigh in on Teaching Kids about Money at Halloween This Halloween, the National Financial Educators Council and others in the financial education space are encouraging parents to buy back the candy their children collect while trick-or-treating, and to use the opportunity to teach kids about money. We asked a few financial professionals their opinions about the “cash [...]
LinkedIn to Your Dream College
Free eBook Offers Practical Tools for Using LinkedIn to get into the College of your Dreams For high school students aspiring to attend college or university soon, and/or parents helping teens through those daunting college applications, author Troy D. White provides a solution. In his new eBook, LinkedIn to College: Use LinkedIn to get into your Dream College, White equips [...]
American Youth: Don’t Smoke Away Financial Security
The NFEC and Truth Initiative Encourages American Youth not to “Smoke Away” Financial Security The Truth Initiative® is America’s largest nonprofit public health organization with a stated mission of making tobacco addiction a thing of the past. The initiative grew out of the American Legacy Foundation, established as a result of the 1998 Master Settlement Agreement between U.S. Big Tobacco [...]
Seventy Dollar Selfies
Seventy Dollar Selfies: Or How I Learned to Start Saving Money “Why didn’t you tell me?” he asked. Tell you what? That I have less than a $100 left to my name for the rest of our weekend in the city? I didn’t respond. I didn’t have an answer. I must have missed the episode in life where our friends [...]
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