Consumer Tips from Your Community Banker
Help Kids Learn Financial Skills
Does it seem like every time you turn around, your child is asking you for money? Does your teen know how to balance a checkbook, pay bills, or read a financial statement? A 2007 Charles Schwab survey reported that only one in three teens had mastered these skills.
While a growing number of Wisconsin school districts incorporate financial literacy into their programs, most do not. Parents, aunts and uncles, grandparents, 4-H and other youth leaders can make a difference in the future success of our children by teaching them the basics of saving and spending, debt, budgeting, and financial planning. They can make the biggest difference by modeling good money management practices.