Happy New Year!
I touched on a number of key topics last year related to financial education for kids. I thought it might be helpful to point out a few of the most relevant posts to help you get your 2015 pointed in the right direction. I’d say the general theme is simplicity.
1. Reduce Your Stuff and Simplify – Well, you can’t accuse me of being obtuse. In keeping with our loose theme, this first post attacks it head-on. Also, the embedded “Story of Stuff” video in the post is incredibly enlightening.
2. Start Financial Education at an Early Age – Just like reading and writing, research strongly suggests that financial literacy must begin in early elementary school or even preschool.
3. Set Up an Allowance Today – There is no time like the present to start a system that can pay major dividends in the future.
4. Saving for a Goal – Setting goals is arguably the most important part of the process of becoming money-smart, and it’s an important life skill. It helps teach kids delayed gratification, the power of waiting.
I hope this helps. I invite you to comment here or on social media. Thanks.
Chief Mammal @ The Money Mammals