In 2015, a stringent new financial literacy law took effect in Oklahoma. It requires all high school students to pass a class on personal finance before they can graduate. Banking, taxes, investing, loans, insurance, and identity theft among other subjects will be part of the curriculum, and the teachers will have to certify that their students comprehend them all. Other states have followed suit over the past few years. A recent study analyzed 11,000 high school course catalogs and concluded only 1 in 6 high schoolers are currently required … [Read more...] about Why It’s A Mistake Teaching Financial Literacy In Schools
Personal Finance
How to Save Money on Your Electric Bill This Summer
This past winter, I wrote about how you to save money on your electric bill this winter. But, now it is time to look at how to save money on your electric bill this summer. Come to find out, saving money in the summer is very similar to saving money on your electric bill in the winter as well. Saving money in the summer all comes down to keeping your cold air inside the house and not cooling down the entire neighborhood and also reducing the amount of air conditioning and electricity you are using in general. I routinely see my electric bill … [Read more...] about How to Save Money on Your Electric Bill This Summer
5 Things Every Couple Must do Before Combining Finances
Whether you’re already married, currently engaged, or in an otherwise long-term relationship, there are many considerations that every couple should make before combining their finances. After all, money is the number one cause of conflict in relationships, especially when you share expenses but don’t see eye-to-eye on all things finance-related. Combining Finances Before you get engaged, move in together, or open a joint bank account, here are the five most important things you must do if you’re thinking about combining finances with … [Read more...] about 5 Things Every Couple Must do Before Combining Finances
Cyber Smart: Five Habits to Protect Your Family, Money, and Identity from Cyber Criminals
The following is a book excerpt from Cyber Smart: Five Habits to Protect Your Family, Money, and Identity from Cyber Criminals by Bart McDonough. Bart McDonough is the CEO and Founder of Agio, a hybrid managed IT and cybersecurity services provider. From Cyber Smart: Five Habits to Protect Your Family, Money, and Identity from Cyber Criminals Copyright © 2019 by John Wiley & Sons, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc. William and Nancy Skog had cherry-picked an … [Read more...] about Cyber Smart: Five Habits to Protect Your Family, Money, and Identity from Cyber Criminals
How to Get Cash Back On Credit Card
Imagination is more important than knowledge but, if you give your credit card to a man in the early 19’s, he would just laugh in your face and walk off. Fast forward it to 1950 and Boom! America got its first credit card. Take a leap of 30 years, and you land up with the first reward program by American airlines. The point is, credit card has been with us for almost 70 years and yet we are not fully aware of its functionality. In our age where being frugal has become a necessity, the credit card should be the first to consider. Why? Coz, … [Read more...] about How to Get Cash Back On Credit Card
Are You Aware of These Common Types of Credit Card Fraud?
Rather than wait until you’ve become a victim before you brush up on credit card frauds, it’s best that you keep yourself aware of the most recent and prevalent threats. That way, you can save yourself a lot of frustration, time, and money. An ounce of prevention is most certainly worth a pound of cure whenever there’s money (especially yours) involved. EMV Credit Card You’ve likely noticed that credit cards now come with chips to prevent the very type of fraud some fall prey to when getting a new chip card. What happens is scammers pretend … [Read more...] about Are You Aware of These Common Types of Credit Card Fraud?