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Teaching Youths about Finances

By Marilyn Carnevale, CPA,CGFM,CFE,CIA,PSA posted 09-20-2011 06:10 PM

  
A connection of mine informed me about an idea discussed at BAP's recent annual meeting regarding volunteering at local high schools to help educate students about finances.  I thought this was such a great idea that I contacted my Alma mater and they are allowing me to come in and speak to their students about budgeting, spending & saving.  I am very excited to go back for a visit and to be able to enlighten students about future skills they will need.  I have my own advice to give, but I wanted to reach out and see if there was anything else you wish you knew when you were 14-18 about finances?  Let's help young minds get a head start with their financial responsibilities.  I would encourage everyone to contact their Alma mater and see if they can make a guest appearance too!!  
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Comments

I wish I had known about charging market rates for my services, which at that time were math tutoring, babysitting, and piano accompanying.
Thank you! I would definitely be interested in any resources the NJSCPA has to offer!! Also, I completely feel the same way about investing...in high school I thought the only choice I had was to put money away in a regular savings account. If I had known that I had many different options I would have started up my Charles Schwab account back then!

09-20-2011 10:57 PM

Happy to hear that you were invited back to your alma mater. If you need any financial literacy resources (e.g. presentation, handouts, etc.), please let me know. The NJSCPA is glad to assist.
As to your question, when I was 14-18 I wish that I new more about the basics of investing. Not just the difference between a stock and bond, but how to invest and why.