Since State Farm* has entered into the field of financial services, I'm talking with more families about planning for the future. While families almost always want to talk about retirement, their most immediate concern is saving for their children's college education.
This is wise. College education will, in most cases, be a family's second largest expense after home ownership, so it deserves careful planning. rising college costs make saving even more important.
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After every Money Wi$e Women Forum women ask me why the schools aren't teaching financial issues to kids. Actually, lots of schools are teaching kids about money basics. And, there are lots of programs out there dedicated to providing financial education to kids. The Jump$tart Coalition for Personal Financial Literacy is a national organization dedicated to preparing youth for life-long financial decision-making. Financial institutions also have programs to teach today's youth. In Washington state Boeing Employee Credit Union takes their financial seminars to schools. Topics include start saving now, building your budget, invest in you, get good credit and many more topics. I'm sure there are plenty of other financial institutions that have programs on financial basics for students. Check with your bank or credit union.
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