| v> | | | | community center and/or city council about |
| Teaching your children or student a practical | | | | program designed to help parents give their |
| youth financial literacy topics is a great way to | | | | children a real world financial education. |
| prepare them to deal with their own money. | | | | Perhaps the most important person you can |
| Many parents try to get their child ready to | | | | educate on youth financial literacy is not your |
| become financially independent and mistakenly | | | | child, but yourself. Young adults pick up financial |
| believe that a practical financial education is given | | | | habits by watching how their parents and |
| in high school. Since personal money management | | | | teachers handle their money. If you practice |
| isn't taught at most schools its up to parents and | | | | financial habits that are healthy and responsible |
| teachers to make sure their children are prepared. | | | | and inform your child about why and how you do |
| One of the reasons college students are | | | | them, it will make a significantly greater |
| notoriously 'broke' is that no one has really taught | | | | impression than simply lecturing them about why |
| them how to deal with their finances, or | | | | they should spend their money a certain way. |
| reinforced positive spending habits. In this article, | | | | Also be sure to raise awareness about the |
| we'll go over some of the ways you can make | | | | importance of receiving a practical financial |
| sure that by the time your child needs to deal | | | | education. Simply informing your children or |
| with his or her own money, they are ready to do | | | | student about why you make certain purchases |
| so. | | | | instead of others and how to act in certain |
| Educating your child or student in certain areas is | | | | financial situations is enough to show them how |
| crucial when it comes to financial responsibility. | | | | responsible behavior with money can affect |
| Areas important to youth financial literacy include | | | | personal finances. |
| general knowledge of how the banking system, | | | | Due to the emerging financial crisis, young people |
| credit and debit cards, investments basics, the | | | | need to know more than ever how to properly |
| mental game of money and related aspects | | | | deal with money, especially when the younger |
| personal money management. | | | | generation comes from an era of relatively free |
| There are a number of emerging youth financial | | | | spending. Youth financial literacy is being stressed |
| literacy programs however most focus on | | | | more and more across the country, and |
| impractical, theory based aspects of personal | | | | important information regarding financial literacy |
| finance. Check with your local school district, | | | | can be found online. |