Washington, DC (PRWEB) May 06, 2013
The National Foundation for Credit Counseling (NFCC) recently surveyed peoples’ opinions of their mother’s personal finance skills. An overwhelming majority, 67 percent, saw their mother as either someone who is intimidated by money, views managing money as a necessary evil, or has never managed money.
“Perhaps the ideal gift this Mother’s Day is a lesson in personal finance,” said Gail Cunningham, spokesperson for the NFCC. “What mothers may not realize is that a lack of financial skills has the potential to negatively impact not only their future, but also that of their children, as negative habits are picked up as readily as positive ones. Mothers have the opportunity to influence multiple generations by improving their own personal financial abilities.”
Consider the following statistics:
There is no lack of personal finance education materials. The bookshelves are filled with financial self-help information; solid advice can be found online, and the NFCC Member Agencies offer free or low-cost education on a variety of topics delivered one-on-one, in a group setting or online.
“It’s never too late to start. The first step is for mothers to take advantage of the opportunities available to improve their grasp of personal finance; then look for teachable moments to demonstrate those new skills to the children,” continued Cunningham. “After all, the gift of financial literacy is a gift that lasts a lifetime.”
For help finding the skills to become financially savvy, reach out to one of more than 700 NFCC Member Agencies. To be automatically connected to the closest office, call (800) 388-2227, or go online to http://www.DebtAdvice.org. For assistance in Spanish dial (800) 682-9832.
The actual poll question and answer choices are below:
Thinking of my mom and personal finance, I'd say she
A. Is pretty savvy managing money, and enjoys it = 35%
B. Is intimidated by financial matters, and avoids them = 21%
C. Sees managing money as a necessary evil, and doesn't enjoy it = 26%
D. Has never managed money on her own =18%
Note: The NFCC’s April Financial Literacy Opinion Index was conducted via the homepage of the NFCC Web site (http://www.DebtAdvice.org) from April 1 - 01, 2013 and was answered by 735 individuals.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 700 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.