Money Savvy Kids

Sometimes it amazes me how little we teach our kids about money. Even little basic things like how to balance a checkbook and how compounded interest works. These concepts could be at least touched on in elementary school, but often they're not. I met a guy recently who is in his early 40's and only learned about the principle of equity a few years ago. He's kicking himself that he didn't learn about this sooner (and buy a house sooner), especially now that he understands how the factor of TIME plays into it. Sometimes I think about trying to put together a little course on home financing to teach at the high school level ... I feel like it's that important that young people understand the importance of saving and investing starting as early as possible. There goes that *time* thing again.

So I was trying to get in touch with my friend Rod Laurenz from Edward Jones and decided to check their website where I stumbled on a write-up about a woman named Susan Beacham who, with her husband, Michael, founded Money Savvy Generation "to help parents and educators teach basic personal finance skills to school-aged children. Susan's mission is to empower children and young adults to take control over their financial lives and financial futures in a world of increasing financial complexity." COOL. I'm glad to see someone doing this. For all you parents of young children out there, here's more information about Susan's company: www.msgen.com