| Several recent reports show the number one reason | | | | as a tool, rather than something to be thrown away |
| students drop out of college is due to financial | | | | on immediate desires. |
| reasons rather than academic. Preparing your child for | | | | Unfortunately, college preparation courses in high |
| college is important; however don't forget to give | | | | schools do not teach students how to resist the |
| them a practical financial education so they succeed | | | | pressures of college life, more responsibly divide up |
| once in school. | | | | their resources, and spend their money in healthy, |
| Since many college students are not financially | | | | mature ways. High schools are notorious for not |
| independent they can produce quite a financial burden | | | | offering practical financial education courses which |
| on their parents. And since the young adults do not | | | | would help today's youth be prepared for the |
| feel the repercussions for themselves, that behavior | | | | banking system, credit and debit cards, loans, and |
| can continue until they are completely financially | | | | long-term investments. |
| independent. In this article, we'll go over why teaching | | | | There are a few programs that may help your child |
| kids about money is a crucial part of preparing them | | | | be prepared for the financial challenges that await |
| for college, as well as some popular ways to do this. | | | | them in the 'real world'. Financial literacy programs, or |
| The recent financial crisis that has swept across the | | | | money camps, are popular with parents that |
| country has destroyed a lot of jobs and made higher | | | | understand the importance of teaching kids about |
| learning a veritable requirement for proper financial | | | | money. Responsible parents can enroll their child in |
| independence. Since going to college gives students a | | | | after school programs that have financial literacy |
| much better shot at eventually getting out on their | | | | courses, or even go to financial educational websites |
| own (and being successful at it), getting your kid | | | | themselves to learn how to more properly prepare |
| ready for college not only academically but also | | | | their student for financial independence. |
| financially is more important than ever. There are a | | | | Teaching kids about money has become a huge part |
| number of ways to reinforce proper spending habits, | | | | of getting them ready for the real world, especially |
| but the most obvious is to do so by example. | | | | with the reputation college students carry for being |
| Spending your money in responsible, mature ways | | | | dirt poor. Making your student more financially |
| and then explaining the reasoning behind that | | | | responsible while also reducing the monetary burden |
| spending is a great way to teach kids about money | | | | they place on you is a win-win situation. |