Our Financial Education: It’s never too late
Ever since I became financially aware (thanks to Kiyosaki for that one), I’ve also become aware that there is absolutely no education when it comes to money for a person growing up in this country (I only went to college in the US, but back home I had no financial training either).
Lately I’ve been reading several articles about this topic (one by Frugal Dad and another via Yahoo Finance) that got me thinking about the different solutions to the problem. Sure, teaching kids about it when they are young is one way to go about it. It’s like learning a new language—it’s easier for them to grasp it when they’re young.
But does that mean it’s too late for all the grown ups who are in dire need of some financial direction right now? I say no and one way of attacking the problem is by doing it as a community. When I moved to Chicago I remember thinking how cool it was that the whole city was one big book club (through the One Book, One City program). Seeing people on the train and on the beach reading the book makes it more fun when you talk about it and discuss it.
Well, the Money Smart program is something similar only it seeks to help people get a grasp on their finances, budgeting, etc. Through the library they offer all kinds of literature and expert advice to help people out with things like buying a home, saving money, using credit-cards wisely, etc. I learned all of this stuff online reading tons of blogs and tons of books (which I checked out from the library, of course)—but I think that doing it as a group helps make it easier and less frustrating. I sent tons of emails to Lazy Man, Trent, Brip Blap, and Frugal Dad over the course of my financial education. And they helped me out a ton. It’s important to have someone you can ask for help from when you start to get a little frustrated.
Ideally, the whole idea of “we were never taught this in schools” will be a thing of the past. Like they say, “our children are our future,” so lets hope our generation learns something now to pass on to our kids when they are young. I can’t wait for the day when kids crowd into PF101, toss their backpacks down, and say to each other, “Can you believe our parents didn’t even have PF class??? They were soooo lucky.”
If only they knew . . .
[photo credit: Araceli Arroyo]