Did your parents ever give you the birds and the bees talk? Have you tried discussing the subject with your kids? These can be awkward conversations, to say the least.
Now, how did you learn about credit, budgeting, and how much you need to save for retirement? If you were lucky, you had someone sit you down and explain how to not mess up your credit, how to balance a checkbook, and how investments work.
Unfortunately, not everyone got to have these discussions. That’s why I’ve been looking for a way to educate young adults on these very topics. An opportunity presented itself, like most, in the shopping aisle of an Aldi grocery store.
My wife, Megan, was picking up some last-minute items for our Super Bowl party when she noticed a lady with a shopping cart full of cinnamon rolls. In passing, Megan said, “I want to go to your Super Bowl party!” The lady laughed and explained they were for a charity she volunteered at called the School of Economics. As they talked, Megan thought to ask for a card and shared it with me.
The School of Economics (SOE) works with elementary schools in the Kansas City metro to teach hands-on education in business, finance, and banking. The students engage in creating and operating a business. Some of the subjects covered are supply and demand, payroll, taxe’s and loans. The program offers a great introduction to the world of commerce, but one that may fade in the coming days or years of childhood fun. Megan and I toured their downtown location and were amazed at the fun and learning that was taking place. I mentioned how I wish they could do the same program with juniors and seniors who were getting ready to enter the real world. Much to my surprise, I was informed they were thinking of expanding their program.
They asked if I would be interested in helping build out the program. I said, “YES!”
I’m happy to report we launched the program last month! The updated program addresses credit scores, budgeting, and investing. My goal is that this program helps prepare these young adults for the real world they are about to enter.
I’m a firm believer in the power of education. If you get a chance, try and share some of your knowledge with a kid, grandchild, or a young adult. Who knows how much you can help the next generation?
PS I’m happy to help. If you know someone who would benefit from a crash course in finance, please let me know, and we can set something up.
