Personal Finance 101 Posts of the Day 6/7/07

• My Money and My Life has a break even goal for the summer. Good luck!
• The Credit and Credit Card Blog talks about the pitfalls of revolving debt.
• Consumerism Commentary talks about saving for your kids instead of yourself.
• Personal Investing Advice has some tips on saving for the future.
• All Financial Matters created a directory of past posts. Very useful!
• The Dough Roller teaches his kids to use Quicken.
  

Financial Education in our Schools! We need it!

My Credit Group recently posted in support of adding a financial education requirement to our high school curriculum. It's a great read and here are my comments on the topic:

I’m right there with you. In fact, one of my long term goals is to start a non-profit with a mission of getting financial education into the curriculum. In the mean time, I’m in the progress of signing up to volunteer with a local non-profit which offers free financial literacy classes to children and teens. These people are our future. They need to learn how to balance a budget better than the current people running our country!

Regarding Flexo’s point about what should be removed, I don’t think anything should be removed, this should just be added. In my school I had to take about 12 elective classes to get enough credits to graduate. So…make it 11 electives and make financial management a requirement. Nothing gets dropped and a great skill gets added. I’d also argue that the kids going to college need it just as much, if not more than ones not going to college because on campus they’re stopped every 10 feet and given a credit card and free t-shirt.

I meet with clients all the time who are 10 years out of school and *still* paying off that 2 am pizza craving.

Thanks for a great post!

Personal Finance 101 Posts of the Day 6/5/07

• Queercents has a great expense tracker that you can download!
• No Credit Needed talks about getting out of debt one dollar (drip) at a time.
• Money and Credit talks about the need for financial education.
• Don't Mess with Taxes talks about kids and money.
• Money Smart Life has a great intro to ETFs.
  

Personal Finance 101 Posts of the Day 6/4/07

• Broke Ass Student reminds you not to sacrifice tomorrow for today.
• Grad Money Matters lists 5 budgeting blunders to avoid.
• My Two Dollars asks if your family could live on one income.
• Frugal Law Student rehashes some pratical advice for young people.
• $1 Million to my name - Part V in the retirement saving pitfalls series - Buying too much house.
  

Personal Finance 101 Posts of the Day 5/17/07

• Vanguard talks about why you should get kids investing in a Roth early. My grandfather did this for me and it’s one of the single best things he’s ever done for me. If you need help motivating them, consider offering a ‘matching’ program of some sort. Most people like free money.
• Bankruptcy Law Network points out some sneaky credit card tricks to look out for.
• Wealth Building World wonders if paying off your mortgage early is actually costing you money.
  

Personal Finance 101 Posts of the Day 5/8/07

• My Retirement Blog gives 5 reasons to start saving for retirement now.
• Becoming and Staying Debt Free gives some great cheap/free date ideas.
• No Credit Needed talks about how he's going to teach his kids to manage money.
  

Personal Finance 101 Posts of the Day 4/14/07

• Frugal Zeitgeist talks about marriage and money.
• My Money Blog discusses renting vs. buying.
• Money Walks gives ideas on how to teach kids about money.
• Free Money Finance talks about the 10 best money moves you can make.
• Blogging Away Debt wonders who’s responsible for your debt.

Personal Finance 101 Posts of the Day 3/19/07

• Raising 4 Boys gives great suggestions on how to handle allowances.
• Story3girl wonders what money’s for.
• Getting Green talks about payday loans.
• Ask Mr. Credit Card talks about why buying a used car was a good idea.
• The Skilled Investor reminds us not to rely on past performance when choosing investments.

Personal Finance 101 Posts of the Day 3/15/07

• Living Almost Large has a fantastic post about the dangers of paying for your children's education instead of saving for your retirement. It's something that anyone with kids should read.
• Queer Cents talks about why it’s important to talk to your partner about money BEFORE you merge households.
• Consumerism Commentary talks about the cost of buying a home over 30 years.