Credit Union of Denver’s Post

So great to see some states priortizing financial literacy in high schools! Texas, time to join the party! Sure, learning about the Pythagorean theory was great (for us math nerds), but imagine learning about mortgage calculations and income taxes. Now that's life prep! Financial literacy is more than numbers; it's about lifelong skills and is crucial for everyone. #FinancialLiteracy #EmpowerYouth #FutureRead

It's graduation season! Now is a great time for parents with school-age children to ask: How much am I willing to pay for their college and continuing education? Planning for college expenses is a crucial part of financial planning for families. Fidelity’s article on how much to save for college provides several key strategies to help families prepare effectively, such as starting early with a 529 plan, setting realistic savings goals, and considering financial aid options. https://lnkd.in/d8-PtjBA

With college expenses outpacing inflation and family incomes at unprecedented levels, the pressing issue of affording higher education without compromising financial stability has become a critical challenge for students and parents. As families across America face this dilemma, many are turning to alternative options such as strategically leveraging cash-value life insurance to fund their children’s higher education. To get the most out of this lucrative financial strategy, it’s necessary to understand the fundamental differences between various loan options and how they align with your financial goals. Learning the nuances between variable loans, fixed-rate loans, and withdrawal loans can optimize your financial planning and empower you to support your child's educational journey without compromising financial stability. In this episode of Money Script Monday, Gabe navigates variable loans, fixed-rate loans, and withdrawal loans to guide families through their college funding process.

$100,000 lifetime value is great, but even more important is a lifetime of less stress and worry. This is a great read. I love that Michigan made this a requirement last year. I hope all states fallow this pattern. #personalfinance #financialliteracy

Grown and Flown, an online publication reaching many thousands of parents of college students and young adults, has published my article "Five Financial Values I Want My Teens to Learn Before They Leave Home." https://lnkd.in/degXvy_W Want your young adult to learn about money? In-depth, live online class starting on May 29! Link to more information in the comments.

Whether you’re the parent of a student heading off to college or a college student looking to improve your finances, working toward financial success and independence can include many firsts. Fifth Third Bank is ready to help in this transition by offering 5 important tips to prepare parents and students for their journey into adulthood:

A+ in Financial Literacy → 7 States Leading: Alabama, Iowa, Mississippi, Missouri, Tennessee, Utah, and Virginia now require a personal finance course for high school graduation. → By 2028: Over 40% of US high school students will be enrolled in schools where such courses are mandatory. → Why It Matters: Financial literacy isn't just a subject; it's a crucial life skill for navigating real-world financial situations. This shift reflects a crucial understanding: financial literacy is a lifelong skill, essential for every young adult. It's more than academics; it's about preparing for real-world financial challenges. https://lnkd.in/gvchqsd4

Whether you’re the parent of a student heading off to college or a college student looking to improve your finances, working toward financial success and independence can include many firsts. Fifth Third Bank is ready to help in this transition by offering 5 important tips to prepare parents and students for their journey into adulthood:

Whether you’re the parent of a student heading off to college or a college student looking to improve your finances, working toward financial success and independence can include many firsts. Fifth Third Bank is ready to help in this transition by offering 5 important tips to prepare parents and students for their journey into adulthood:

I've shared this article before, but kids and teens heading back to school and young adults packing to go to college, is more important than ever for the young people in your life to understand how important a strong financial foundation can be!