Comments on: Give Your Graduate the Gift of a Financial Education

By: Information On College Savings

Information On College Savings — Sun, 17 Feb 2008 01:40:44 +0000

What sort of College Savings Programs are Offered by the US Government or States?…

College education in the United State is becoming excessively expensive with each passing day. Various kinds of federal and non-federal financial aids are available for students However, not only are they difficult to obtain, but also they are often no…

By: Weekly Roundup #9 (December 22, 2007) - My Investing Blog

Weekly Roundup #9 (December 22, 2007) - My Investing Blog — Sat, 22 Dec 2007 13:03:16 +0000

[...] to start saving. Very Billy Crystal-ish. 11. FinancialDominance pounds home the argument to give the gift of financial education to a graduate instead of the standard money and cars… 12. CreditCardsMoneyandInvesting crafted up a pretty good [...]

By: FinancialDominance.com » Weekly Highlights and Carnivals - Sick Kid Edition

FinancialDominance.com » Weekly Highlights and Carnivals - Sick Kid Edition — Sat, 22 Sep 2007 04:17:28 +0000

[...] week my post, Give Your Graduate the Gift of Financial Education, was included in the Carnival of College and Finance at College and Finance. This is my first foray [...]

By: Third Carnival of College and Finance | College and Finance

Third Carnival of College and Finance | College and Finance — Wed, 19 Sep 2007 03:06:01 +0000

[...] presents Give Your Graduate the Gift of a Financial Education posted at FinancialDominance.com, saying, “Explains why giving your child a session or two [...]

By: Brian

Brian — Tue, 18 Sep 2007 19:40:13 +0000

Erabulus: I agree with your suggestion of having a high school graduate read “The Richest Man in Babylon.” It’s a solid read for anyone getting started on the road to financial security.

However, I think a session with the financial planner would do a lot to instill credit discipline in kids before they start overusing credit cards for beer runs and pizza. The planner could also give at least a brief overview of investing to at least have the advice on the forefront of the kid’s mind.

By: Erabulus

Erabulus — Tue, 18 Sep 2007 19:28:37 +0000

Sound advice, although the session with the financial planner is best saved for when they graduate from college– most students don’t have any income to invest, so advice on savings and compounding is a bit early.

A good gift for a high school student about to head off to university would be “Your Money or Your Life”, or perhaps “The Richest Man in Babylon”. Both easy reads, that really drive home the importance of living within your means can have on your life.

By: Weekly Highlights and Carnivals - September 7, 2007 - FinancialDominance.com

Weekly Highlights and Carnivals - September 7, 2007 - FinancialDominance.com — Sat, 08 Sep 2007 04:27:22 +0000

[...] week I submitted my post about Giving Your Graduate the Gift of Financial Education to the Carnival of Financial [...]

By: January

January — Wed, 05 Sep 2007 14:18:50 +0000

I could not agree more. You know I wish my parents had taught me about financial education when I was a kid. Maybe I would have achieved a lot more financial success than what I have now. Parents need to do this cos it’s suicidal not to. You won’t believe the number of my colleagues at work who can’t get a grip on savings, investment and retirement plans. I mean it sucks. Some are just leaving everything for the future.

By: Pinyo

Pinyo — Sat, 01 Sep 2007 19:26:11 +0000

I agree, they should do a better job of teaching personal finance in school. I think starting from junior in HIGH SCHOOL, or even earlier would be good.

Excellent idea, and excellent post!

By: come clean

come clean — Sat, 01 Sep 2007 09:35:18 +0000

This is one area that is truly lacking in our education system meaning that it is up to the parents to teach this stuff. I certainly wish I had known more going out on my own. I would have made some very different decisions in my early years.