I think teaching kids about money should be in schools just like teaching kids and teens about reading, writing, and ABC's. Why, because once you learn the basics of money and savings early then it would be effortless to continue the teaching and building upon what they have learned. Financial literacy for children will be far to easy to teach and cost less money when children are younger than waiting until they are freshman in college and being introduced, possibly, for the first time, with financial responsibilities.
When, I was in school I had to get my parents signature before I could get a credit card. Of course, now it is different. College students are bombarded with free trinkets just to fill out an application! Kids and teens should know that saving money is like brushing teeth or combing hair. It should be a habit. Parents are responsible for teaching their kids. But how? How can a parent who never learned themselves about being financially savvy, teach their kids and teens? The United States has just started adding financial literacy in the schools. Each state has its own programs. Check with your state to see if there is a financial literacy program available. If you are looking for a program that teaches kids about money visit www.kidsmoneycollege.com. This program teaches kids from the ages of 5-18years of age. Check it out so your kids will not be left behind.
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