By Cindy Ivanac-Lillig
The Fed is getting ready to run an ad in movie theaters across the country this holiday season. The ad will be directed at credit card usage. It will basically interrupt your buttery popcorn crunch to remind you to pay your bills on time, stay below the limit and watch for changes in terms. Although it is probably helpful to remind folks about the basics of credit — I think for those of you that work in education, this type of “education” intervention is akin to getting a flyer tucked under your windshield wiper. For some, it may be a good reminder, but for most, it will do nothing.
However, immediately below this non-educator worthy story today in my inbox was a resource that could do a lot of good for many — especially many parents of school-aged children. It is a website put out by Charles Schwab called Schwab Money Wise. Many private companies have put forth various Money – Smart – Wise – Savvy websites and I have by no means visited them all to compare, but this site is well done and includes activities for parents of all age/grade levels. There are some simple saving and budgeting exercises that are well done (and downloadable) as well as a few ideas on investing activities a parent can do with a child. In addition, the site has resources specifically designed for the classroom under, “Teachers & Volunteers,” although I think some of parent activities can work in a classroom as well!
At any rate, thought I would share this resource, because it incorporates some news, some basic tools for financial planning, some good data, and probably most interestingly — some good ways for parents/teachers to motivate children to engage in this life skill.
Let me know what you think. Anything interesting in your inbox?