Coming Soon: Money 101

What's Hot

How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

The nonprofit Council for Economic Education has worked with teachers to develop money lessons for grade schoolers.

Kids will soon get taught not just math, but financial savvy – that’s the hope, anyway.

The Council for Economic Education has consulted educators and come up with some benchmarks for different grade levels, and they plan to pitch them state by state.

The lessons cover topics like income through rent, stocks dividends and interest; planning purchases, comparison shopping and budgeting; short-term and long-term saving; using credit; picking investments;  and insurance.

The group hopes the lessons can be incorporated into existing classes, not wedged into a separate elective course. The standards don’t focus on rules of thumb, instead aiming to teach critical thinking. So instead of a rule saying you have to save X percent of your income, there’s an explanation that saving X will make it this much easier to achieve Y later.

Of course, teachers may need to be taught this stuff first. According to The Fiscal Times, a recent online survey conducted by the U.S. Treasury Department found only 15 percent of 30,000 Americans could pass a basic financial literacy test.

The same article says just 14 states have a personal finance class requirement, and only 22 require economics. Because you’re going to quote Shakespeare the rest of your life, and you’ll never need to know about interest rates. (This coming from an English major.)

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: How the Trump Tax Plan Will Affect You

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,902 more deals!