What Kids Should Know About Money And When

What Kids Should Know About Money—and When

Your high school graduate (age 18) should grasp enough about finance to …
  • --Apply systematic decision making to a long-term goal
  • --Schedule bill payments, write a check, reconcile checking or debit account statements, and monitor statements for accuracy
  • --Explain how a negative credit report can affect a person’s future
  • --Identify appropriate investments for accumulating money for a four-year college education, a wedding, a business startup, a house down payment, and retirement
  • For more information on financial literacy benchmarks, and additional suggestions for money-related home-learning, visit the Credit Union National Association’s “Thrive By Five” Website and the Jump$tart Coalition for Personal Finance Literacy.
    Look for the full version of this article in the August issue of Black Enterprise.