Transcript of video:
According to the Council for Economic Education, only 17 states require high school graduates to take a personal finance class. So what does that mean? That means that a lot of the responsibility to teach your children the basics of personal finance falls on you. By teaching your children the importance of saving, paying off debt, and budgeting for other expenses, you can set them up for success before they head off for college and eventually have their own household finances to handle.
In a recent study by H&R Block, 75 percent of teens look to their parents as the primary source of financial information. Have you had those conversations with your child?