Did you know that April is Financial Literacy Month? Now more than ever, it is critical for young people to understand how to save and manage money, and Financial Literacy Month is a great time to discuss these topics with your family. From saving an allowance to financing college, children and teens need to learn financial literacy skills now so that they can grow into financially secure adults. "If we start earlier, we can help the younger generations avoid the financial pitfalls that so many have fallen into today including debt, having no savings or safety net and over indulging in consumer goods," said Nick Fyntrilakis, Vice President of Community Responsibility at MassMutual.
Download the special section Be Money Smart!
This education section is designed to help students and families learn about financial education together. It contains information, tools and real-world activities broken out by grade level to teach students important financial literacy skills. After students have mastered this section, they can easily extend the learning at home. "Parents and guardians can share their budgets with their kids, talk about the importance of saving and coach children on how to spend wisely," Fyntrilakis said.
Be Money Smart is brought to you by MassMutual as part of their ongoing commitment to financial education. From 2014 to 2015, they spent more than $3 million on their innovative FutureSmart Challenge. "Because we recognize financial education is so important to today's youth, we've partnered with Hill Harper, select NBA teams and Junior Achievement affiliates to help get the word out and spark a learning movement," Fyntrilakis said. "MassMutual's FutureSmart Challenge, now in its second year, has reached nearly 20,000 students across the country, empowering young leaders to take positive steps toward a successful career and financial security for themselves, their families and their communities. At each FutureSmart event, students get an overview of important topics and then it's followed up by Junior Achievement lessons in their classrooms."
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