Encouraging Financial Responsibility
- Financial Literacy Top of Mind for Most Parents Post-Recession (PDF)
- Should Financial Literacy Cirriculum Be Required in College?
- Is Your Student Abusing Credit?
As parents, spouses or partners-particularly after the difficulties of the recent recession-we can understand the importance of encouraging students to make more intelligent decisions with money. The dollar just doesn't go as far as it used to…Perhaps two simple suggestions will help.
- Create Casual Opportunities to Discuss Money- A formal "sit down" conversation may not be the most effective way to have the conversation. Take opportunities during the course of everyday life to discuss the attitudes about spending when the cable bill arrives or while grocery shopping. Short, spontaneous opportunities to discuss finances on a consistent, regular basis can shape with significant impact the attitudes and beliefs of those around you in relationship to money. develop and continue to develop about money.
- Be the Model Worth Following- Demonstrate and model by example the proper, successful attitudes, beliefs and behaviors about money. Show the student that it's okay to delay the otherwise immediate gratification that comes by making impulsive purchases. Teach them how to buy wisely and how to make their dollars stretch further. Help them see that when it comes to personal finance that they have a credible and capable example in YOU.
It is certainly not easy in world of smart phones and the endless immediacy of the conveniences aroud us. Tough time tend to focus us back on the fundamentals which can be re-emphasized effectively over time.
