New kids and money resource

It’s never too early to start teaching kids about money. In an effort to promote financial literacy among youth, MMI launched a new Youth and Money website section.

The Youth and Money section offers tools and articles on pressing financial issues facing parents with children of all ages, such as buying a car, saving for college, and the cost of raising a child for new parents. Parents will also find tips and tools for giving kids an allowance.

Raising financially smart kids also requires wise budgeting and planning from parents. The Youth and Money section offers tips and ideas to help parents budget for back to school shopping and cheap vacation ideas for the family.

Think adults have all the answers? Think again! Check out the money advice from kids to grown-ups video. These kids are wise beyond their years and adults will enjoy hearing some the advice from these young money managers.

The new Youth and Money section also offers:

  • The Teaching Children About Money webinar
  • Lesson plans for parents and teachers
  • Budgeting calculators
  • Links to other financial education websites

 

Renee McGruder is a former communications coordinator and grant writer at MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.