Two recent articles discuss teens and money.
First, from CNNMoney, comes a report that teenagers aren’t getting any better at managing finances, despite classes on investing and personal finance.
Second, SmartMoney offers suggestions for receiving more financial aid from colleges:
- Compare aid offers equitably
- Look down the road
- Assess third-party scholarships
- Ask for an aid review
- Leverage competing offers
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[...] and looked at the oldest post I could find on some of the top PF Blogs. For JD the post was called Teens and Money, was published on April 9, 2006, and had 0 comments. At My Money Blog, the first post was called [...]
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I took a personal finance class in high school (class of 2005), and it was a joke. We played a stock market game for about 75% of the semester. She taught us how to balance a check book, but we learned nothing about savings account, interest, debt or credit cards. Those are the things that I think most people need to know about before becoming adults – not how to play the stock market. (Though I know a lot of people do end up investing, but I like my money where I can see it. Not a gambler!)
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