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By RON LIEBER Published: April 15, 2011 The New York Times One of the best things about being around preschool-age children is that they are a blank slate awaiting your imprint. All of the big questions come up before first grade — God and death, jail and fairies — and most 4-year-olds will believe pretty much any answer you give them. Until recently, however, few people made much effort to get children this age to think hard about money. Why go all pecuniary on a child who has barely mastered counting? In the wake of the financial crisis, however, and the realization that individuals share at least some blame for the bubbles, a number of people and organizations have taken up the cause of helping the next generation of grown-ups form better habits at an earlier age. The JumpStart Coalition for Personal Financial Literacy recently expanded its target age group to include the pre-kindergarten set. A new book called "Pretty Penny Sets Up Shop" tells the story of a young girl who sets up a "small mall" in her grandmother's attic to pay for her grandmother's surprise party.
  Sacramento CPA Bruce Kajiwara talks to Victoria Stolinski's students about budgeting wants vs. needs – such as how to pay for a senior prom's accessories – all the way to retirement. By Claudia Buck This email address is being protected from spambots. You need JavaScript enabled to view it. The Sacramento Bee Published: Sunday, Apr. 3, 2011 - 12:00 am
First, learn the basics. Then set a good example for your children.By Jennifer Schonberger, Staff Writer
FOR IMMEDIATE RELEASE: March 7, 2011 Obama Administration Announces Start of Student Exam Window for 2011 National Financial Capability Challenge Challenge Prepares Students for Secure Financial Futures; Runs March 7 – April 8 WASHINGTON – Today, high school-aged students across the country will begin taking a voluntary online exam as part of the 2011 National Financial Capability Challenge. The Challenge is designed to enhance the financial capability of high school-aged youth across the United States by strengthening their knowledge of the basics of saving, budgeting, and investing. "All of us - parents, educators, policymakers and students - share the responsibility to ensure that young people in our country learn a set of practical skills that will help them navigate important personal financial decisions," said Treasury Secretary Tim Geithner. "This Challenge will help students understand basic finance. To sign up to late the Challenge or download an Educator's Guide go to Treasury.gov
Taking the Challenge could really pay off! The Charles Schwab Foundation is proud to honor students who excel on the National Financial Capability Challenge. High-scoring students are eligible for $1,000 scholarships and $1,000
February 2 : Investment News A bill introduced last month would create a federal grant program intended to increase financial literacy among teens and young adults. Called the Young Adults Financial Literacy Act and introduced by Rep. Andre Carson, D-Ind., HR 300 calls for grants to be funneled to organizations that could develop and implement financial education programs for students 15 through 24. The program would include teaching skills such as financial planning, budgeting, saving and managing debt. For more details, visit thomas.loc.gov.
New from the Money Mammals and CJ$ Advisory Board member John Lanza is a holiday song to teach young children about money. Find it on Facebook at http://www.facebook.com/pages/The-Money-Mammals/32601620501?v=app_6009294086&ref=ts
The FINRA Investor Education Foundation, in consultation with the U.S. Department of the Treasury and the President's Advisory Council on Financial Literacy, commissioned a national study of the financial capability of American adults.The Financial Capability Study highlights how many Americans are disadvantaged by their lack of financial capability, and offers a wealth of previously unavailable information on Americans' behavior relating to how they manage their resources and how they make financial decisions (including the factors they consider and the skill sets they use). This robust set of multi-dimensional measurements allows policymakers and researchers to look at individual financial behavior from various angles, at a level of detail that has never been possible before. View the Study

From the Center for Financial Services Innovation

First Encounters: Youth and Their First Financial Experiences

All kinds of organizations and institutions play influential roles in the lives of young people. This presents these organizations with an opportunity to promote the development of young peoples' financial capability. Depending on the nature of their relationship, these entities can play a critical role in providing resources and support to help young people establish healthy financial habits. This First Encounter Series outlines recommendations for young people to learn about, choose, and interact with various financial products. Specific recommendations are made for: financial educators, schools, and public officials; financial services providers, community organizations and NGOs; and mono-line credit providers. More