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Nerdwallet: CUs Can Help Your Kids Save
Friday, January 17, 2014 6:00 AM

An earlier study conducted by the National Endowment for Financial Education found that while 89 percent of K-12 teachers agreed that students should either take a financial education course or pass a financial competency test in order to be permitted to graduate high school, relatively few of the teachers surveyed believed themselves to be adequately prepared to teach students about personal finance. So where then should young people turn for accurate information on personal finance? According to a Jan. 15 post on Nerdwallet, a credit union.

Because the majority of schools often lack comprehensive financial education resources, Nerdwallet reports that it’s important to teach your children the significance and benefits of saving money as early as possible – and reward them for doing so. Many credit unions, Nerdwallet points out, offer savings accounts for children, and some of them come with a variety of incentives and rewards.

Click here to read the Jan. 15 post