We’ve completed week two of National Financial Literacy Month and again there have been a tidal wave of awesome posts out there to emphasize financial literacy to a financially struggling people. Even if you’ve already opened the door to financial education in your life, there may be someone else you know who wants and needs guidance in this area. If so, feel free to share this article where they can find dozens of personal finance articles.
7 Things You Can Teach Young Kids About Money
Gary from over at Super Saving Tips wrote an awesome article called Teaching Your Kids About Money for Financial Literacy Month. What a really love about this article is that it covers some things you might not think are important for teaching your kids. Head on over and check it out and forward the article on to those you know with young kids.
Financial Literacy Chronicles
Jack from Enwealthen had a number of great interviews with PF bloggers again this week, and I’d have to say that my fave was his one with Mr. 1500. Mr. 1500 shared some tough (from a kid standpoint, anyway) money lessons his parents made him learn as a child and how they have impacted him throughout life. They were hard even for me to read, and I’m pretty tough on our kids, but I don’t think I would’ve had the guts to stand strong in these situations. Looks like I’ve still got some bucking up to do.
Disney on a Budget
Brian from Debt Discipline wrote an awesome article on how he and his family saved money on a dream trip to Disney. Disneyworld is one of those destination vacations that nearly every family with kids dreams about, but it is super expensive. Learn how Brian took that vacation and saved thousands of dollars in the process.
Maybe Rising Household Debt ISN’T Okay
A while back I wrote an article about the rising household debt. In it, the author of a popular national news site article talked about how credit card debt was once again at its highest levels, but that it was “okay” because people were paying their bills on time. Well, guess what? This latest article on the credit card debt problem in America tells us that delinquencies are on the slow but steady rise.
I am continually amazed at the lack of foresight by supposed financial experts who write these articles on major business networks. It only takes common sense to realize that denial ain’t just a river in Egypt.
Preparedness Works
In happier news, there are some national finance and business websites whose writers aren’t clueless. MoneyTalksNews shared this well-written article on How to Prepare for an Income Emergency. In the study they referenced, 18% of people surveyed experienced a financial crisis in 2015. It does happen, people. In fact, I share in this article how a loved one experienced his own financial crisis which forced him to make some not so favorable decisions.
There’s No Such Thing As Too Much Financial Advice
Regular readers know we’re BIG fans of financial education and promote books on the subject often. That’s why I couldn’t pass up this powerful post on Becoming Minimalist, entitled 7 Pieces of Financial Advice that Forever Changed My Life. Seriously, this article could become a book. Read it and you’ll have nearly all that you need to achieve financial independence.
If She Can Do it…………
Well Kept Wallet shares the story about how this young girl paid off $10,800 in debt in just six months. Find out just what she had to sacrifice in order to get the job done. Her story proves that motivation + work = debt freedom.
And, in case you missed it……
Here are the articles we’ve posted so far in honor of Financial Literacy Month
Why Financial Literacy Matters
The Hidden Gems of Financial Wellness
How Debt Destroys Your Chances for Financial Freedom
Financial Literacy Roundup: Week #1
Getting Out of Debt: Here’s How to Start
Deep in Debt? Here’s How to Get Out
How to Save Money When You’re Living Paycheck to Paycheck
How and Why You Should Pay off Your Debt FAST
My wish for you is that Financial Literacy Month is the catalyst that will help you reach all of your financial dreams!!
What is your current financial dream?
My financial dream is to be able to do what I want with my time and money.
True wealth is being able to have the freedom to do what you want with your life.
How do I get there? By being consistent in my work and saving at least 50% of my income for 10 years. At this point, I’ll have a very solid nest egg.
Thanks for sharing my debt destruction tool earlier this week, have a good weekend 🙂
Love it, Erik!! Thanks for sharing your dream. The Debt Destruction tool is great. I think I’ll be sharing it more!!
Great roundup Laurie! Thanks for including my article. I’m with Erik my goal is to work towards being able to be in more control of my time and money. Instead of giving it away to others! We are trying to balance savings to accomplish that and providing the best head start for our three children.
We are working on that too, Brian, being able to be more in control of Rick’s time. Cannot wait!!
Thanks for the shoutout, Laurie! My current financial dream is to pay off my mortgage. Not sure I’ll get there, but I’m doing what I can.
You’ll get there, Gary – I know you will!