A national campaign, Get Smart About Credit is sponsored by the Education Foundation of the American Bankers Association (ABA). It involves volunteer bankers from across the country connecting with youth and adults for credit education lessons throughout the month of October.
The program focuses on the fundamentals of money management, the meaning of good credit and credit scores, and the importance of saving.
It’s a great program, but remember that you can also do a little “home schooling” when it comes to youngsters and their financial education.
Here are three quick training tools to get you started:
- Credit card worries? 5 ways to teach kids abut plastic from the Christian Science Monitor offers tips to teach youngsters responsible credit card use.
- Did you know that teaching children how to delay gratification now will make it easier for them later in life? Read about “the Marshmallow Test,” and discover other money management training tools in this article from LearnVest.
- A pop quiz about credit and credit scores for your teenager from NPR. (Parents can take the test, too, and compare scores with the younger generation!)
Give your kids a smart start when it comes to credit — they’ll thank you someday!