Since setting out to write Dollars and Sense: How to Be Smart About Money, we’ve come across many books, websites, and financial gurus who are setting out to make financial literacy as high a priority as reading and math skills for both children and adults. During the research phase, we came across the expected financial tools, like websites dedicated to budget sheets and compound calculators, and there were websites with the creatively unexpected, like mixing financial skills with gaming, stimulating visuals, and online activities.
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Teaching New Generations to Be Money Smart
Many people understand they should know something about managing finances but haven’t been given the tools to know how to change their behavior or practice healthy financial habits. Many states are trying to shape a more financially literate generation by teaching financial literacy courses in school. A majority of U.S. states have their own personal financial standards, require implementation of financial standards, or make a personal finance course a requirement for students to graduate.