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What did kids know.
How little do they -- About finance our responsibility here to break down this very complicated topic is Brian -- senior writer with retail me not dot com joining us on the phone.
-- -- From Austin it says hey Brian I you lord that I'm very you know I program appreciate it.
-- sis says that seven added ten parents say that -- where their kids go to school there's absolutely no options for them to learn about money.
When you make of that.
Yeah yeah it's really a shame I mean you know we sit down -- dinner table and we -- to our kids that can be that they should go to brush their he'd better premier right.
But about seven in ten.
Of us have said that -- parents who have children in school.
Had said our school system isn't providing any resources to teach children about personal finance responsibility.
We talk about is much about.
Personal finance to work is unfortunately about sex we saw that we did a survey and while ultimate purity.
Apparent but 84% said they have spoken to their children -- time -- -- about being responsible their money.
For the most part it's really low on the on the totem pole in terms of what our priorities are which are children.
Majority of us or talking to our kids about moral -- everyday which is important.
But -- we're not talking about how to be responsible financial citizens.
And number we think that's real issue at that retail me not our -- Really an issue so how do we get kids involved in.
You know what -- should be aware wouldn't that be the first thing right.
Yeah maybe it would really it's monkey see monkey do you write you did what your parents to grow up and I remember as a kid and maybe this is why I'm in the online coupon business now but.
Watching my parents make a budget every week.
-- literally going with my mother on Sundays to go pick up the Sunday newspaper to put out those coupons.
We go to the store and keep track of everything that -- -- -- and we stayed within our family budget.
That's it's not a practice that seems to happen today Anderson simple things that we can do.
To really help -- kids about personal finance matters as simple as you remember want to talk to your children about how important saving money is you -- talk to them when you sit down dinner table on but given narrator on the weekend and that's the only time you have to get together -- -- kids.
But that's number one and number sheet also enablement.
-- and simple things that will literally just made them kind of common -- part of there they're at their average nomenclature when they're seeking or whether you mean things throughout the day so.
When they're doing insurers -- -- an allowance.
And they wanna purchase things in life ultimately the work work to get money to live within their budget if the -- do you get a big -- on Friday.
Make -- part of being a part of their daily lives so -- -- as commonplace.
In their thirties as it was when they were seven years old.
And and so -- -- putting them on an allowance hoping to sit down with them and help them understand what their own personal budget is.
-- can veto a really important way to setting them to it or similar course global satellite -- financial freedom moving.
What about seven them off with say checking or banking account and if that is the case of that's recommended what -- should -- be.
I'll do what I -- my kids right now they each have their own.
-- account and I tell them that they could find -- change around the house.
I'm we talk about the types of coins are that they finally in around scattered throughout the house in the -- of our -- -- I tell them they didn't put that money -- -- that you back and when their piggy bank filled up we -- a trip on a Saturday afternoon to the bank.
Edit and we have basically opened -- savings accounts for both of our kids and we teach them.
You know that scene is important as we get older and as they have more expenditures needed to have a cell phone or maybe they purchased the car Susan got a driver's license and -- help me car payments on that.
You know helping them understand how to operate -- checking account super -- or.
We partnered with a group call junior achievement which teaches finance Angela responsibility in schools across the United States.
And one of the things junior achievement teaches in these courses which are just like home economic her shop.
They teach courses on personal finance responsibilities power to literally keep track of all those proceeds from your debit card.
And match them up a personal checking account locally our parents may have used on a daily basis that's become credible lost our.
In something we think -- be integrated into the consumption behaviors of consumers move forward.
Brian -- senior right it was three tell me not dot com thank you so much for coming on.
And if you're curious out there you know what we do you want our kids to learn from their teachers in school.
That it's his poll finds that 59% of us are citing moral matters such as values and religion and that's the most important thing.
For it for them for the parents to talk about their kids' academic 16% personal hygiene 8%.
Drugs 8% personal finance only gets 5% year.
Sex education 5%.
There -- apparently less important than the moral matters which is interesting because half of those immoral to me nonetheless that's what.
That's -- brains -- I suppose when it comes teaching our children okay.
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