Thursday, May 23, 2013

Why This Stuff Is So Important (To Me)

Toolboxes are also very important me.
I am a twenty-year-old sophomore in college, and soon I will have to venture out into the real world, get a job and pay bills and taxes like a real person. It's incredibly important to me that I feel somewhat ready. My parents never really talked to me about money, and I've seen it come up all over the place as a source of conflict and sadness. If I can avoid conflict and sadness, I will. 

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Here are some statistics I found to coerce you into reading my blog:

  • About thirty-four percent of parents have taught their teen how to balance a checkbook, and less than that has explained how credit card interest and fees work and ninety-three percent American parents with teenagers report worrying that their children might make financial missteps such as: overspending or living beyond their means. (Charles Schwab’s 2008 “Parents & Money)
  • Around sixty-nine percent of parents admit to feeling less prepared to give their teenager guidance about investing than they do having the ‘sex talk’ with them. (Charles Schwab’s 2008 “Parents & Money)
  • 41% of U.S. adults, or more than 92 million people living in America, gave themselves a grade of C, D, or F on their knowledge of personal finance, suggesting there is considerable room for improvement. (The National Foundation for Credit Counseling and Harris Interactive Inc.,, http://tinyurl.com/238v35w)
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Just to be clear, as much as I'd like more views on my blog, I am advocating financial literacy in any way, shape, and form. Here are some suggestions of books that I've read and gained a lot of knowledge from: 
  • How to Be Richer, Smarter, and Better-Looking Than Your Parents by Zac Bissonnette
  • I Will Teach You to Be Riche by Ramit Sethi 
  • Personal Finance For Dummies (7th Ed.) by Eric Tyson 
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As always, contact me with questions, comments, or suggestions! You can either comment directly on the post or send me a private message to moneymattersjoan@gmail.com.  

Photo credit: TOMTEC via photopin cc

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