Financial Lessons For Kids - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Financial Lessons For Kids

Posted: Updated:

Some of the most important lessons in life aren't learned in school. One of them is finances. Teaching your kids about things like banking and checking accounts and compounded interest will make them more financially responsible adults. And, in turn, get us out of the financial mess we're in.

  • The national debt is at more than 13 trillion dollars and growing.
  • 43% of American families spend more than they earn each year.
  • Personal bankruptcies have doubled in the past decade.

Betty Casey, editor of TulsaKids Magazine, believes too many kids aren't learning these lessons at home. "I think a lot of kids go into shock when they go to college and they have a debit card and they've spent $25 on a Coke because they've got overdrawn," according to Casey.

Casey says parents don't often teach their kids to be smart consumers because they assume they learn it in school.  And also, if you look at these numbers, maybe because they've never learned it themselves. "Its very difficult but we want our children maybe not to make the same mistakes that we make."

So it's a lesson on finances that could very well include this disclaimer:  "Do as I say, not as I do."

  • NewsMore>>

  • Foster Parents Arrested Following Child's Death

    Foster Parents Arrested Following Child's Death

    There's a child's bicycle in the front yard, and a small statue of two kids happily at play. Images in strong contrast to the charges facing the people who live here."The charges are felony homicide and also child abuse," said Major mark Irwin of the Broken Arrow Police Department.Authorities say Mallory Krajian told them her 3 year-old foster child fell off the couch and hit his head. But the child's skull fracture, neck fracture and brain bleed, troubled physicians."We were called by DHS in...More >>
    There's a child's bicycle in the front yard, and a small statue of two kids happily at play. Images in strong contrast to the charges facing the people who live here."The charges are felony homicide and also child abuse," said Major mark Irwin of the Broken Arrow Police Department.Authorities say Mallory Krajian told them her 3 year-old foster child fell off the couch and hit his head. But the child's skull fracture, neck fracture and brain bleed, troubled physicians."We were called by DHS in...More >>
  • Jay Public Schools Canceled on Wednesday

    Jay Public Schools Canceled on Wednesday

    Superintendent Charles Thomas says Jay Public Schools will be canceled again on Wednesday.More >>
    Superintendent Charles Thomas says Jay Public Schools will be canceled again on Wednesday.More >>
  • Broken Arrow Woman Arrested After Foster Child Dies

    Broken Arrow Woman Arrested After Foster Child Dies

    25-year-old Mallory Krajian, Suspect in Foster Child's Death25-year-old Mallory Krajian, Suspect in Foster Child's Death
    Broken Arrow Police say they have arrested a woman after a foster child in her care died.More >>
    Broken Arrow Police say they have arrested a woman after a foster child in her care died.More >>
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.