Fort Worth, TX (PRWEB) August 28, 2006
Beginning September 1st parents will now have a resource to help them teach their children money management skills. MoneyMoney101 Simple Money Management is a new website committed to helping parents of preteens and teens teach the importance of Simple Money Management and the role it plays in creating life’s expectations.
Creating financial freedom is an on-going, life-changing, and never-ending experience. For most of us, we’ve worked long and hard to get where we’re at, and it didn’t happen overnight either. For many of us we had no choice but to make ends meet and that wasn’t easy. Today children expect more for less and fail when it comes to knowing about money management and becoming Financially Literate. They only expect to have to put in the minimal amount of energy while demanding more.
The Web site asks parents to confront the state of their child’s financial literacy -- to think about real, actual, constructive ways to develop their child’s concept of money.
MoneyMoney101 Simple Money Management hopes to fulfill the overwhelming need for a community of parents concerned about the financial literacy of preteens and teens and who want to create financial freedom for their children. We need to acknowledge that as parents, we are not preparing young adults to make sound financial decisions on their own.
From tracking expenses and establishing a budget, to establishing credit and living within your means, Simple Money Management skills are not being taught at the majority of middle schools and high schools across America. In a recent Jump$tart personal finance survey, 68% of teens received failing scores. The average college student graduated with over $19,000 in debt. And more people filed for bankruptcy than graduated from college last year. Guess who is often forced to fit that bill? Because we want to protect our children from the worries of money, we worry for them. And that’s why Financial Illiteracy is the fastest growing and most unrecognized challenge facing young Americans today.
How realistic is that philosophy? What are we really saying to our children through our actions?
Children are smart and catch on quickly. If their expectation of how a lifestyle is achieved is not clarified early on, the media will establish their expectations for you.
MoneyMoney101 Simple Money Management is determined to help parents understand the importance of teaching their preteen or teen Simple Money Management skills to create Financial Freedom.
Learn more about The Young Millionaire’s Club and MoneyMoney101 Simple Money Management September 1st, 2006.