Thoughts on Financial Literacy

By Julie Frans, Chief Community Officer

Alec and I met up for a podcast recording yesterday, and after discussing a number of podcast topics, we dove into the idea of financial literacy. As we discussed some of the stats and where we are as a country right now, I wanted to capture some candid thoughts and reflections from Alec on what that really means... and how it fits in with our COR mission and strategic allowance program.

So glad I got it on video so I can share it with you today. You get a little behind-the-scenes view!

I loved what Alec said, and how he relates the bigger picture of "fin lit" to age appropriate understanding for people of all ages. "Do kids at nine need to understand how a mortgage works? No, but they should understand borrowing."  Yes, they should!

Do YOUR kids understand borrowing? To what extent? What else do they know about money? Spending, I'm sure! But do they do it wisely, and deliberately? And, what about saving, investing, donating, and credit, amongst other topics?

Alec concludes the clip with this: "Financial literacy means, or translates to, empowerment, knowledge, and comfort... and it's critically important" for people of all ages. 

Are your kids empowered in their journey to understanding money? 

Watch the short clip above, and stay tuned for the actual podcast- launching soon! 

In the meantime, need help getting started? Alec's Five Starter Tips for Allowance is a great place to begin. Watch it here. 

We hope you take the opportunity today to think about financial literacy, and reflect on where your family is in your own understanding of money. No matter where you are, there may be room for improvement.

Take that first step to getting your elementary-aged child off on the right path today! Use the code FINLIT20 to get 20% off of our first course: Starting Your Elementary-Aged Child on the Money Savvy Path.  Enroll here. 

Teach Cents-ibly,

Julie