IBAT is running a fundraiser for their Teach the Teacher program. The goal of Teach the Teacher is to bring financial literacy education into Texas classrooms by teaching school teachers how to teach financial literacy.
Financial literacy is a part of my mission for 2013 and wanted to extend this fundraiser to our blog readers.
Financial literacy is something that has affected my life and my families' life, but nothing that can't be overcome! By spreading the word and teaching our students to be more financially responsible, we can hope to prevent some of the economic turmoil America has experienced....or at least keep some young people out of credit card debt.
To support this mission, please click on this link to buy a raffle ticket.
Some important financial literacy stats:
* Only 59% of the young adults in Generation Y (ages 18 - 21) pay their bills on time every month
* Almost 50% of those who closely monitor their finances say they learned about personal finance from their parents
* Around 69% of parents admit to feeling less prepared to give their teenager guidance on investing than they do having the ‘sex talk’
* 54% of college student respondents had overdrawn bank accounts and 81% underestimated the amount of time it would take to pay off a credit card balance by a large margin
* 40% will never gain a net worth in excess of $10K
Here is a resource for more information: