All posts by johnsoda@hotmail.com

The State of K-12 Economic and Financial Education in the U.S.

2014 Survey of the States Top Liners

  • Only 17 states require a high school course in Personal Finance.
  • And only 22 states require a high school course in Economics.
  • Number of states requiring student testing in economics has dropped from 27 to 16 since 2002.
  • Only five states require a stand-alone course in personal finance for high school graduation.

Stay Tuned for all results–publishing February 12, 2014 at http://www.councilforeconed.org/survey.

Financial Education Scholarship Opportunity

This looks like a great opportunity for your students to learn about and share some great money management tips with their peers. They will also gain experience organizing an event and presenting material to large groups. To top if off, they will have the opportunity to win a $7,500 scholarship, and the workshop attendees will have the opportunity to win a $2,500 scholarship. The three topics available address budgeting, student loans and credit cards. Registration is required to obtain additional information and to view the official rules and regulations.

_________

Run a financial education workshop for your friends and you’ll be entered to win a $7,500 scholarship.

3/4 teens don’t know enough about personal finances. Arm your friends with mad money skills by running a workshop to teach them. Sign up and we’ll give you 3 pre-made workshops to chose from. Everyone who runs a workshop, and tells us about it, will be entered to win a $7,500 scholarship.

Deadline: June 19, 2014

How Much: $7,500 scholarship

Learn More and Apply

Financial Literacy and Economics education

Why is it important?

This two minute video released by the Council for Economics Education does a excellent job explaining the need for financial literacy and economics education in our schools:

More information can be found here: www.surveyofthestates.com

For teachers: What is your school doing to promote financial and economics literacy?

For parents and students: Do you think financial literacy and economics instruction is important? Why?

Warren Buffett on teaching children about money

At cnbc.com Warren Buffett answers 5 questions on teaching children about money. You can read the full post here.

Personal Financial Education in the K-12 Setting

During my days as a financial advisor, a concern I heard quite often was the lack of financial literacy education in our K-12 schools. The comments ranged from students being unable to balance a check book to students not realizing the importance of considering the future implications of short term financial decisions. The Indiana legislature has added requirements for school corporations to provide Personal Financial Responsibility Instruction. This blog will look at the requirements, and eventually provide assistance to school corporations and teachers in providing adequate instruction to fulfill the requirements. To begin, here are a few questions to consider. What should Indiana school corporations role be in teaching personal financial responsibility? Are current teachers prepared to teach this topic? What type of resources are required to assist teachers in fulfilling this educational requirement? What questions can you add to continue this discussion?

Important Information

This blog is for informational and education purposes only and should not be construed as providing investment, tax or legal advice. When making financial decisions, be sure to consult with your own trusted advisors with whom you have a professional relationship, and know the specifics of your own personal financial situation.