financial literacy

The Financial Four for High School Grads

The Financial Four for High School Grads

As millions of high school graduates collect their degrees, it’s time to prepare them for the next phase of their lives. In addition to the common sense wisdom that parents, grandparents and friends will be imparting, please allow “Aunt Jill” to add a few financial tips.

Financial Literacy

April might have been financial literacy month, but we celebrate financial literacy all year round on the Jill on Money podcast.

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To help us break down the ABCs of financial literacy, we’re joined by Nan Morrison, President and Chief Executive Officer of the Council for Economic Education.

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance. The goal is to reach and teach every child in every district and school so that they can make better decisions for themselves, their families and their communities.

The global economy has become so complex that the gap between what people know about economics and personal finance, and what they need to know, is widening every day.

Americans are increasingly responsible for their financial future; yet an alarming number lack even basic economic awareness. Only 43% of 12th grade students tested at or above proficient on the most recent National Assessment of Educational Progress economics assessment, and American teenagers fall in the middle of the pack globally in financial literacy.

Many parents are ill-equipped to instruct their children in economics and personal finance, and teachers, too, are often unprepared to impart this essential knowledge.

That’s why more than ever we need to be passionate about educating young people about an economy they will work in, benefit from, and ultimately, inherit.

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"Jill on Money" theme music is by Joel Goodman,

The ABCs of Financial Literacy (Part One)

The ABCs of Financial Literacy (Part One)

I am using the occasion of Financial Literacy Month to define the most frequently asked financial words or terms that I find myself defining for readers, listeners and viewers. I will use the letters of the alphabet to help and if I miss something you would like defined, just shoot me a note and I will add to the Jill on Money Financial Glossary. I’ll complete the alphabet later this month.

Financial Literacy + Rent vs Buy and Pensions

We started the show this week with Wayne from Connecticut who had a very interesting buyout question regarding his pension. Should he stick with the monthly payments or take a lump sum of more than 300k? 

Next up was David from Maryland with the age-old question of renting versus buying. Just 26, David and his wife have been renting a cozy apartment that's 350 square feet. Is it time to upgrade? 

You will often hear me say that before you worry about the financial future of your kids, you need to make sure you’re taking care of yourself first. But that doesn’t take you off the hook for discussing money with your kids.

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Think of it as another one of the now in addition to the sex talk, the drug and alcohol talk, we can add the money talk. All of these conversations must occur at every stage of your child’s development, with age-appropriate messaging that the kids can absorb.

To help with your effort, this week we’re talking to financial literacy guru Beth Kobliner, author of Make Your Kid A Money Genius (Even If You're Not) and Get a Financial Life: Personal Finance in Your Twenties and Thirties

I know there are a lot of you out there listening with kids or thinking about starting a family, wondering how to have such conversations:

  • How much debt should we take on for college?
  • Should I give my teen a debit or credit card?
  • My kid wants to move back home...should I charge rent?

Those are just some examples and there’s plenty more in our discussion. 

Have a money question? Email us here or call 855-411-JILL.

Connect with me at these places for all my content:

"Jill on Money" theme music is by Joel Goodman,