You no doubt have read many articles on the pros and cons of financial education.  Well, as a parent you already know the truth.  Financial education works, like any other education we give our kids on the right and wrong way to do things.  What we teach them now, they will use – eventually.  And teaching them about the choices they have for money when they are young is a surefire way to insulate them from unintended financial consequences.

Proof in the Research

At Money Savvy Generation we have been doing independent research on our curriculum used in elementary classrooms to help teach kids about money – with lessons starting in PreK.  The research of the past 15 years tells us that we are shaping a child’s money attitudes and knowledge in a significant way – and that those kids we teach know more about money choice, goal-setting and how to exercise the learned skill of delayed gratification – just to name a few of the things they learn.

Financial Education Scam Addressed

This summer, the question of whether financial literacy is a sham or not was addressed in an interview I did with Jill Schlessinger, CFP, CBS News Analyst .  Here’s what she had to say following the interview:

“I have been dubious about the effectiveness of financial literacy as the way to create better outcomes. I rethought that notion after interviewing Susan Beacham a co-founder of Money Savvy Generation, whose mission is to help parents and their children get smarter about money.”

– Jill Schlessinger, Jill on Money😍

To read more, here’s a link to the full article: Jill On Money: Financial literacy: Sham or real? | Tribune Content Agency

For more, you can listen to the interview on Jill’s podcast:

Jill on Money: Having the Money Talk – Part Two

So, let’s finally put the debate to rest!  Start early.  Teach often.  And watch your kids thrive.

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Written by Susan Beacham
Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.

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