For 16 years, I have had the privilege of being surrounded by financially literate people. My parents know how to handle their finances, and of course, make sure I do too. My family carries an entrepreneurial spirit through owning a couple of businesses and starting their own ventures. Because of this, I gained a business perspective when venturing through life. I have worked in various fields and noticed that with every field comes a certain expectation of financial literacy. When I interned at a law office, I realized how pertinent finance was in this industry. Without financial mastery, the business would be incapable of sustaining itself. I became aware of this at an early age in my life. However, I noticed that many Americans still struggle with financial literacy. Read more…
By: United States Senator Jack Reed (D-RI)
April is an exciting time for high school seniors. Graduation is just around the corner and college acceptance letters are rolling in, and with them an overwhelming sense of possibility and anticipation for students, along with a measure of joy and worry for parents.
Getting into college is an admirable achievement, but paying for college is a long-term commitment.
Indeed, according to the Project on Student Debt, 71% of college seniors who graduated last year had some form of student loans to pay back, with an average of $29,400 per borrower. Read more…
By Thomas Bright, Marketing and Web Content Writer, ClearPoint Credit Counseling Solutions.
Today, our nation’s students are faced with an increasing number of financial decisions and are given a decreasing margin for error. Without access to the right kind of information, these students may run into very serious financial problems. As the adults in the room, the parents and educators, we are left to find a solution. An education-based solution, one that teaches financial literacy as an experience and prepares students for all the firsts they will encounter, could be the answer we have been looking for. Read more…
Diane Ravitch, former U.S. Assistant Secretary of Education, is a historian of education, an educational policy analyst and a research professor at New York University’s Steinhardt School of Culture, Education, and Human Development. She also writes an education blog that is widely read, and sometime closely scrutinized, but the industry.
Today, her blog featured a guest post by Brian Page, award-winning educator, who demonstrates the same passion and drive for education as Ravitch does.
From Page’s post, “I want our children first introduced to complicated financial concepts and contracts by teachers who love them and who are trying to help them, not by someone trying to trick them. Relying on the school of hard knocks should not be an option anymore. It is time a step is added in the ladder to empower future generations to make wise and informed financial choices. Personal Finance should be integrated into every child’s K-12 educational experience, and a course in Personal Finance should be a semester-long high school graduation requirement.”
Military & Money is a new free app from McGraw-Hill and Better Business Bureau to help service members and their families achieve and maintain financial freedom. The app includes training videos, articles and interactive tools to help manage credit cards and credit scores, pay off debt, create an effective budget and establish a savings plan.
According to the Department of Defense, military families list personal financial management as number two in their list of biggest sources of stress. Military & Money is the first financial educational app that provides service members and their spouses with tools to make informed choices about budgeting, saving and debt while they’re on the go.
Features include tutorials, quick tips and an Action Center where users can set up budget and debt reduction plans and receive savings reminders each month. This app is designed for both iPhone and iPad.