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Is Financial Education for Students Really An Effective Solution?

Students in a classroom

As someone that deals with the aftermath of the financial mess, my answer will surprise you. Yes, there should be classes, but it is NOT a vaccination against financial problems, but it might be part of a longer-term multifaceted solution. My observation is that teaching personal finance in high school is a bit like requiring …

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Financial Literacy is a Dumb Waste of Time and Money Because It Just Doesn’t Work

Financial literacy – the most misunderstood and abused good intention. It is alarming how we love simple solutions for complex problems. We want politicians to solve our ills in a soundbite and we want money problems to go away with a class. The reality is neither of those solutions is ever going to work. I …

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Most College Students Massively Fail When it Comes to Understanding their Student Loans

I’ve been helping people with financial problems since 1994. And in that time I’ve seen all sorts of suggestions to inoculate consumers from money problems. Most of the suggestions surround the need for kids to have more financial literacy education. Sounds logical, right? But my mouth is hanging open as I read the latest college …

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Debt Consolidation USA Helps Explain The Concept Of Money To Children

Dallas, TX (PRWEB) April 07, 2015 Debt Consolidation USA shared in a recently published article how parents can best explain the concept of money to their children. The article titled “5 Things To Help Children Understand The Concept Of Money” aims to guide families and households in carefully explaining to children how money and finances …

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I Buy Junk Mail. Sell Me Your Junk Mail.

I’m back in the market for advertising letters and mailers (no emails) people receive promising some debt or credit help. I’ve found the best way to protect consumers is to use real examples of offers they may be approached with. By reviewing specific offers, people are receiving, I can use them as a tool to …

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U.S. Government Teaches Kids to Save Money by Stealing Twitter Bird and Not Drinking Juice or Soda

Kids.gov recently published these comics designed to teach kids all about learning ways to save money. The first is aimed at younger kids with an interesting message that you can buy stuff you really want if you use your own money. It struck me as an interesting message since it seems to be a tacit …

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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 …

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