Category Archives: Financial Education
- Leslie Linfield from Institute for Financial Literacy is Looking for Donors
I just received the following letter from The Institute for Financial Literacy. They are looking for donations to support financial literacy for seniors. If you feel compelled to assist her in her efforts, please reach out directly to the Institute for Financial Literacy at www.FinancialLit.org. @GetOutOfDebtGuy The Request I am writing to let you know [...]
- You Are Cordially Invited To The FTC’s Road Ahead Roundtable
Today, the Federal Trade Commission will host the third in a series of roundtables around the country to gather information on consumers’ experiences in the leasing of motor vehicles at dealerships. The roundtable also will address what has been learned about auto sales, financing and leasing at all of the roundtables; what consumer and business [...]
- Hey Parents! Teach Your Kids About Credit
Unless parents decide to make a concerted effort to begin teaching children about credit, our nation’s children might become victims of a system that is deceptive, manipulative, and cloaked in mystery. Our banks, educational institutions, and government officials do not make information about credit easily accessible. They do not tell us that no credit is [...]
- True Cradle Robbers – Stealing Credit From The Cradle
It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but because scammers may have stolen their unused Social Security number and identity. The Better Business Bureau (BBB) put [...]
- How to Delegate Financial Success
Today I am going to be talking about delegation and how to delegate for success. When I first joined the National Guard, through Basic Training and through all my National Guard career, I was always delegated to, meaning that I was the private who was tasked with cleaning the latrines, otherwise known as the bathrooms, [...]
- Financial Literacy For Kids: How To Really Teach Kids How To Manage Money
When I was 8 years old my dad took me into Citibank to open my very first savings account. He said it would teach me the value of a dollar and the importance of saving. I don’t remember how much I started my account with and if I deposited on a regular basis but I [...]
- Financial Literacy is Not a Vaccine, nor is it a Solution. It is an Excuse.
One of my Twitter buddies, Thomas Fox (@thomasjfox) sent a tweet about an article titled “Financial Ignorance is Not Bliss.” When Americans were questioned by the National Foundation for Credit Counseling, more than 41 percent of adults gave themselves a grade of C, D or F when it came to their understanding of financial literacy. [...]
- Five Steps to Pocket Change: How to Persist When Your Finances Get the Best of You
The following guest post was contributed by Heidi Beckman. Heidi is a clinical psychologist and proponent of using the science of personal change to improve financial habits. She has been reading and interpreting research on motivation, persistence, and self-control for the past ten years. She works in a medical setting and loves to help patients [...]
- Financial Literacy Not a Band-Aid to Change All Factors for Smart Money Management
photo © 2010 Alan Cleaver | more info (via: Wylio)The Centre for Corporate Law and Securities Regulation in conjunction with The University of Melbourne released a Research Report in March 2011 about Financial Literacy and “What Causes Suboptimal Financial Behaviour? An Exploration of Financial, Social Influences and Behavioural Economics”. This following article will showcase their [...]
- Debt Free! And You Can Be Too
photo © 2008 Mike Baird | more info (via: Wylio)When Amanda and her husband gave birth to their third child her paycheck was greatly reduced during maternity leave. After an increase in interest and payments on their credit cards, they could no longer afford their minimum monthly payments owed. At one point in time there [...]
- Building Your Financial Future: Advice For 20-Somethings
photo © 2009 Andrew Magill | more info (via: Wylio)A lot of people always say that sometimes no credit is just as bad as poor credit. And I’d like to attest, this is correct. I, Amanda Miller, am in my 20s. Which means, you guessed it, I am the poorest I will ever be again [...]
- Congress Holds Hearing on Financial Literacy
The Honorable Dennis McKinney, Treasurer, State of Kansas U.S. House of Representatives Committee on Financial Services Subcommittee on Oversight and Investigations Representative Moore, Chairman August 24, 2010 Testimony by Kansas State Treasurer Dennis McKinney Good morning Chairman. As Kansas State Treasurer, I believe financial literacy is a national priority. As a result, my office provides [...]
- How to Afford to Go Back to School as an Adult
Adults are going back to school for lots of different reasons these days, including career changes, keeping up with developments in their field, learning new skills and personal enrichment. At many colleges students may be senior executives, retirees or working moms. Going back to school when you’re older, whether it’s to get an advanced degree, [...]
- Nine Essential Steps to Successfully Manage Your Money
Only the rich need to worry about having people manage their money, right? Wrong! With a handful of credit cards, checking, savings and retirement accounts and lots of different bills to pay we all need money managers. The difference is if we aren’t wealthy, the money management responsibility usually falls on our own shoulders, rather [...]
- Seven Ways to Stick It to Your Creditors
Many of the people I talk to feel their creditors have taken advantage of them. Most of that belief is a misperception. The vast majority of creditors follow the rules and abide by the agreements they sent you when you applied for credit. However, people are still plenty upset with their creditors and want to [...]