All Things Financial Planning Blog

Will You Teach One Financial Lesson?

5 Comments


I saw a survey many years ago that suggested only one in five parents felt competent to teach their children about personal finance. A recent article in Military Money, quoting a survey by Schwab, said only one in four parents are training their children “by giving them a lot of experience budgeting, spending and saving it.”

It is time for each of us to teach one person one financial lesson. The lesson could be about needs and wants. It could be about creating through a budget. It could be about the value of starting to save early. It could be about the cost of buying on credit.

Few of us have developed all the right financial habits. Most of us regret some purchase we made; or perhaps a purchase we did not make. Maybe we bought on credit planning for the money to be in hand before the bill came. Maybe we took a risk that did not pan out or took a pass on a risk that did pay off for a few brave souls. But few of us have no knowledge.

What can you pass along to young people in your family or at your work? What have you done well to make your financial situation just a little bit brighter?

It is Financial Literacy Month. Will you teach one financial lesson to help make the world a better, more prosperous, more generous place?

John Comer, CFP®
Consultant
Comer Consulting, LLC
Plymouth, MN

Author: John Comer, CFP®

John Comer is the founder of Comer Consulting, LLC, a firm that helps financial advisors define their Carriage Trade Experience (client experience) and communicate their individuality. John has been in financial services since 1980. Before starting his own firm in 2003, he served in management and leadership positions at Ameriprise Financial Services and JP Morgan Chase. In defining their Carriage Trade Experience, advisors review who they serve, how they serve them and how they describe their services. Advisors who complete the program are able to communicate their individual value proposition. This clarity helps these advisors move forward with confidence.

5 thoughts on “Will You Teach One Financial Lesson?

  1. Wow, Fantastic Blog, it’s so helpful to me, and your blog is very good,

  2. Hi John,
    Just retweeted your financial literacy message. Nice seeing you yesterday!

  3. I think the best financial lesson right now is for the millennials – nurture your credit! Kids are leaving school with massive debt, and I don’t think most of them have the greatest spending and saving habits, either. If we’re going to avoid further financial crises, I think people in their 20s and early 30s need to really start working on their credit scores.

  4. Pingback: Will You Teach One Financial Lesson? « A Richer Life – Steve’s Blog

  5. naturally like your web-site but you have to test the
    spelling on several of your posts. Several of them are rife with spelling problems and I in finding it very bothersome to tell the reality on the other hand I will
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