Financial Literacy - A Topic Every Parent Must Teach their Child

Thomas

New site provides financial literacy curricula for parents, students, and educators.

Our sister site GoCollege has given a great deal of attention to the current student loan crisis. The problem is actually a very simple one, easy access to loans has led naïve students to borrow significant sums of money as they pursue their college degree.

The problem is that too many students are borrowing far too much and thus are literally mortgaging their entire future. I recently highlighted my concerns with what is happening in my own state where students are leaving the state university with some of the highest average debt levels in the country.

Unfortunately, financial literacy is not a typical topic generally taught in public schools. Thus, educating children about money and the concept of using credit in a healthy manner still falls upon parents. In essence, this is a subject where every family must employ the home-schooling concept.

Posted by Jim Zellmer at November 9, 2010 3:03 AM
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