Welcome to Raising Money$mart Kids!
What do YOUR kids know about the value of a buck? If you're like most families, finances aren't often discussed. Some parents feel that talking about money makes their kids feel like they're poor. Others may not know where or when to start to help their kids learn about budgeting or business or banking.
Here at Raising Money$mart Kids, you will find articles on everything from setting up an allowance to running a lemonade stand to helping kids make better purchase decisions. You can ask questions get help from the community.
So, grab a cup of coffee and pull up a chair!
Friday, July 16, 2010
Is Your Teenager Money-Savvy Enough to Go to College?
Credit card debt is at an all-time high across the country. According to a Nilson Study, 78% of American households had at least one credit card. Credit card default is also at an all-time high, especially in the 18-24 year old category- mainly college students. The ease of obtaining a credit card in the first year of college and a lack of basic financial literacy join to make this the most vulnerable group of consumers.