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Want to raise a financially responsible child? Here are some key tips

The Milwaukee Wisconsin Journal-Sentinel – Diana Dombrowski

“Wendy Pitlik-Plehn, a family and consumer sciences teacher at Sheboygan South High School who has been teaching personal and family finance for more than 20 years, shared a few things parents can do to raise kids who are more financially responsible. Modeling a mindset for financial success is one of the most important things parents can do, Pitlik-Plehn said in an interview. The following is a list of ways she said parents can do that:” (more)

Financial Education: Revisited

Forbes – Jodi Cook

“A third of millennials will never own their own home, personal debt continues to rise and the social pressure to consume has never been so intertwined in the fabric of our existence. Financial education became a statutory requirement of the British national curriculum for secondary schools in 2014, but what it means to the next generation is more than learning how much change to expect from £5 if you buy two apples and an orange.” (more)

What is your school doing to teach financial literacy?

E-School News – Robert Ward

“I believe personal finance should be part of every American’s lifelong learning plan, from elementary school through and into adulthood. It’s that important. In December, our center issued its third state-by-state report card on high school personal finance education. Report cards also were issued in 2013 and 2015. Our report cards are among several advocacy efforts. We believe strongly that financial literacy among Americans is linked to positive outcomes like wealth accumulation, stock market participation, retirement planning, and avoiding high-cost alternative financial services like payday lending and auto title loans.” (more)

Nine Things To Know About Saving For Education

Forbes – Roxana Maddahi

“The cost of college increases by approximately 8% per year on average, making the financial burden terrifying. The average cost of a four-year private university today is $34,740. Based on those numbers, tuition at a private university could cost kids born today well over $100,000 a year.” (more)

Why It’s Important to Teach Your Students Financial Literacy—and Three Ways to Do It

Ed Surge – Dennis Duquette

“In Oakland, CA, more than 60 students at James Madison Middle School gather to talk about money. The conversation is robust. One student shares his family’s experience saving for emergencies. Another group debates whether a new bike is a “want” or a “need.” Across the room, two young women are deep in conversation about college majors and future income. Today’s young people face an overwhelming number of complex financial decisions. However, many are unprepared to make informed financial choices as they move into adulthood. In fact, three out of four young adults cannot answer basic financial questions.” (more)

These 10 states do the best job of teaching kids about money

CNBC – Sarah O’Brien

“When high school graduates toss their caps in the air this spring, they probably won’t be thinking about grownup financial issues. Yet, whether heading off to college or diving straight into the workforce, these teens will find themselves suddenly navigating the complicated world of adult money matters. They could be trying to grasp the terms of their student loan or feeling bewildered by exactly what credit is and why it matters.” (more)