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Schmidt: Fun with financial futures

Good financial education needs to start in the home. Parents are the biggest influence on society, and modeling a willingness to discuss finances and seek out helpful resources will encourage children to do the same. Our habits, good or bad, are ...

Kelly Schmidt
Kelly Schmidt

Good financial education needs to start in the home. Parents are the biggest influence on society, and modeling a willingness to discuss finances and seek out helpful resources will encourage children to do the same. Our habits, good or bad, are likely to see themselves repeated in our kids. Showing our children how to work their way into sound financial practices is helpful, no matter where that work begins.
Parents and teens both share in financial concerns. Reports show most teens look to their parents for information on how to manage money, but many of them don’t think their parents spend enough time talking to them about how to do that.
Parents’ top concerns include: their children struggling to have enough money for major expenses, children having enough money for emergencies, and worry about their own children’s financial future. It’s time for parents and teens to come together and discuss how that can be manageable.
It is important to make learning fun - and to that end, we have launched a program called “Financial Football,” which is an NFL-themed money management video game found at www.northdakota.financialfootball.com .
This program has fun, interactive games that teach financial concepts, gets students interested in financial literacy and has kids learning money management skills early in life. These tools are just a start, and I am excited to continue the mission to inspire students and families to start talking about finances.
If you prefer a DVD, we have both Financial Football as well as Financial Soccer available in our office, free of charge.
To learn more, visit our website at www.nd.gov/treasurer to find financial literacy resources and detailed fiscal information regarding our state. We are on social media! Be sure and like us on Facebook or follow us on Twitter for current information relating to your dollars and our office.

Schmidt is the state treasurer of North Dakota.

Related Topics: EDUCATIONFINANCE
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