Be Aware of Fraud Attempts!

We are seeing a significant increase in fraud and scams and want to be sure your accounts and identity are safe. Stay vigilant and protect your account, learn more about the latest spoofing scam.

Go to main content


What Schools Don't Teach Kids About Money

Authored By: Genisys Credit Union on 8/4/2017

With the new school year just around the corner, it’s time to fill your shopping carts with No. 2 pencils, folders, markers and all the goodies the kids will lose by the second day of school.

If they’re headed off to college, it can be even more exciting. But, instead of needing you to replace their pens on day two, your college-aged child will probably be calling to ask for money by then.

It’s such a ritual that, at this point, many of us don’t really question it. But how much do our kids actually know about money?  

Common core and other national guidelines don’t include requirements for teaching budgeting skills, how to balance a checkbook, or even explanations of basic concepts such as credit, loans or mortgages.  Basically, the last time your children learned about money at school, it probably involved finding out how many apples and oranges they could buy in some middle school math word problem.
 

Below you’ll find some valuable money lessons to teach your kids.

Whether your kids are in diapers or taking their driver’s test, it’s never too early or too late to teach financial literacy. Make sure you’re instilling the right lessons, and check back in with Genisys Credit Union often, as we’ve always got plenty of resources for young people to learn the lessons they aren’t getting in math class.


 

Return to Parent Corner



« Return to "Blog"
Go to main navigation