Here's why financial literacy for young people is crucial: Builds a foundation for future success:?Understanding concepts like saving,?budgeting,?and responsible credit use empowers them to navigate financial challenges with confidence. Promotes responsible decision-making:?Financial literacy helps young people avoid impulsive spending and debt traps,?fostering long-term financial well-being. Empowers them to achieve their goals:?Whether it's saving for college,?a dream vacation,?or a down payment on a house,?financial literacy provides the tools to make those dreams a reality. https://lnkd.in/gpFu6k4j
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?? Financial literacy isn't just for adults! Teaching your whole family about money management fosters responsibility, builds confidence, and encourages teamwork. Let's empower our loved ones to make informed financial decisions together! #FinancialEducation #FamilyFinance
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When's the best time to start teaching your kids about financial literacy? Laura Levine, President and CEO of the Jump$tart Coalition for Personal Financial Literacy shares some tips. #FinancialFreedomDay
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Great short video! Laura Levine is spot on when she says, "kids like money" and are interested in learning about money when it's framed in a way they can understand "right now". ?? This explains why kids so quickly embrace the habit of thinking before buying. Because asking and answering simple questions, about typical childhood purchases (before anyone spends a dime), helps them work on a problem that matters to them in real time: "Should I buy this item or experience?" I've always believed the best time to teach kids about money is when they want some, which means there is no one universal age. It's whenever requests to spend become more frequent. "Asks" are a family's natural signal that it's time to begin discussing where money comes from (work) and how best to spend it (with a plan). So if you're receiving lots of requests to spend this summer, it's probably time to start teaching your kids about money, however old they are. Learn more at GiftingSense.org, home of the DIMS - DOES IT MAKE SENSE? SCORE Calculator. We've been making learning about money immediately helpful to school-aged children for almost 9 years. We were just recognized at The Money Awareness and Inclusion Awards for the third year running, which led to us being mentioned and quoted in the Financial Times (https://lnkd.in/g-iYnM53)! Here's to early financial education and all that it can accomplish, which is a lot! #SummerLearning #TeachKidsAboutMoney #GiveMoneySmartz #MondayMotivation
When's the best time to start teaching your kids about financial literacy? Laura Levine, President and CEO of the Jump$tart Coalition for Personal Financial Literacy shares some tips. #FinancialFreedomDay
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Great question, and answer, from the U.S. Department of Education. What would YOU add? Here’s one idea from AEW’s Executive Director, Miranda Leigh Hein: It would be valuable if we could devote a small amount of learning time to help students in arts classes understand the finances around some of the art forms they’re exploring. For example in a visual arts class: the cost of the clay, paint, tools, and how to save money by recycling or reviving certain materials. Or in a dance class: the cost of hiring someone to design and edit the music, or cost of buying/learning the software to edit your own music, cost of performance gear, cost of studio space, etc. And revenue opportunities would be a powerful addition as well. Financial literacy *within* arts education could really help the next generation rewrite the starving artist narrative! #artworkiswork #creativeeconomy #artseducationmatters #professionalartistsmatter
When's the best time to start teaching your kids about financial literacy? Laura Levine, President and CEO of the Jump$tart Coalition for Personal Financial Literacy shares some tips. #FinancialFreedomDay
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When is the best time to start learning financial education? Likely earlier than you might think. Thank you Laura L. Levine, President and CEO of the national Jump$tart Coalition for Personal Financial Literacy and the US Department of Education for delivering this video about the importance of staring early. #personalfinance #education #money
When's the best time to start teaching your kids about financial literacy? Laura Levine, President and CEO of the Jump$tart Coalition for Personal Financial Literacy shares some tips. #FinancialFreedomDay
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? Believe it or not, your children are already learning about money from you. Their financial literacy classes don't start when you sit them down and say "Let me teach you" or give them money for chores. ?Their true financial literacy lesson started when they watched how you behaved around money. How you spoke about money; complaining about how broke you were (even though you worked every day) Remember the times you went into the grocery store and your parent told you either: 1. Don't ask me to buy you anything or 2. When you did ask they told you "they couldn't afford it" Can you remember how disappointed or angry you felt? Maybe you can or can't However, these were your first money lessons! Now those feeling of disappointment, anger, or fear still lives inside, dictating your every money move. From how you save to how you treat your money. Teaching your children money management skills is great, but teaching them how to behave emotionally and with their words around money is far more powerful money management skills.
When's the best time to start teaching your kids about financial literacy? Laura Levine, President and CEO of the Jump$tart Coalition for Personal Financial Literacy shares some tips. #FinancialFreedomDay
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#1 thing to prep for 2030 is financial literacy and organization.
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Empowering the Next Generation: Why Financial Literacy for Kids Matters Financial literacy isn't just about balancing a budget (though that's important too!).?It's about equipping our children and teenagers with the knowledge and skills to make informed decisions about their money throughout their lives. Think about it: Alarming statistics show young adults struggling with debt and financial insecurity. Early financial habits can have a lasting impact. https://lnkd.in/gpFu6k4j
Ferrell Hurt Talks Living Paycheck to Paycheck, Financial Literacy For Kids, Financial Trauma
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Teaching financial literacy to children and family members creates a legacy of knowledge and success. When did you learn the most about money, and who taught you? Start small—maybe a weekly money chat or a simple savings activity. What are your favorite ways to build financial literacy in your household?
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