Uh-Oh! Did You Forget Everything You Learned in Your Financial Literacy Class?

Dear Reader,

Have you forgotten everything that you learned in your financial literacy class from high school or college? If so, you may be missing some skills needed to organize your finances. Wait! What? You didn’t have a financial literacy class in high school or college? Were these life-sustaining skills left out of your education? You don’t even know what a financial literacy class is?

What does a financial literacy class teach?

In short, financial literacy classes teach students the basics of money management. They include topics such as budgeting, saving, investing, and more. Does learning financial knowledge make a difference? Yes! Did you know that according to a survey conducted in 2017, 40% of adults reported that they would not be able to cover an unexpected $400 expense without selling something or borrowing money. Maybe you are one of that 40%.

Even If Your Finances Aren’t That Tight

Even if your finances aren’t that tight, financial literacy can help you get into and stay in a better financial situation. In fact, one study found that people who had had financial literacy courses while they were young tended to have better credit scores. Now, if you don’t know the importance of a good credit score, add that to the list of reasons that you might want to learn about financial literacy.

Why do I teach financial literacy?

My child has never had a financial literacy class, and neither have her friends. Fortunately for her, I am a mother who knows a lot about finances. One of my degree is in business and I have a major in economics. I became interested in money when I was in elementary school. This interest morphed into investing when I was in highschool, and before the age of 18, I made my first investment.

Fast forward to the present.

I am the mother of a young lady who I want to be able to accomplish her dreams. Sure, I could give my daughter money. But, I want to guide her in how to get and manage her own. You know the saying, instead of giving her a fish, I want to teach her how to catch her own fish. Since I also want her friends to know how to fish, I decided that the most efficient way to do that is to record the information in some capacity.

Do you want to learn financial literacy?

Do you want to learn what I am teaching my daughter as I act as her financial planner? Then follow me on Rich Mom, Poor Kid.  On this journey, I will share ideas on how to make money, save money, manage money, invest money, and in general, understand money.  Will I talk about credit cards? Yes! How about buying a car? Yes! And about investing? Bank accounts? Types of income?  Yes!

This will be actual information for my daughter. I’d love to share with you, also! So, you and her friends will get advice that I, as a mom, am sharing with my kid. Hence the name, Rich Mom, Poor Kid. 

Warm Hugs,

Rich Mom

Thank you for joining me! Don’t forget to subscribe, and join me on this journey as I spill the tea on personal finances! 

Want To Learn More?

What Is a Credit Score?

A Secret to Success (One Secret That Is Not Taught in School)

Remember, I want you to be:

Young, Building Health & Wealth

I am not an investment advisor. Always do your own due diligence and research before investing. Check with your own investment advisor. 

Also remember that past performance is not a guarantee of future performance.