In doing some research for Financial Literacy Month, I stumbled across a great website called Three Coins who share a common passion of mine—financial literacy. Three Coins is a cross-country financial literacy initiative in Europe, with a specific focus on Central and Eastern Europe and South Eastern Europe. They pioneer innovative solutions to teach financial literacy through games, including the facebook game, Kicked Out.
They have graciously permitted me to use one of their info-graphics that highlights the growing problem with over-indebtedness around the world.
Some days it feels overwhelming when I see the depth of financial illiteracy around the world and the havoc it causes in people’s lives. But then I meet all these wonderful people who are diligently working to educate people and bring about change. The road ahead of us may be long, but more and more people are joining the cause every day and that gives me great hope.
April is winding down, but the importance of financial literacy is not going away—thanks to the following bloggers who participated in The Financial Literacy Awareness Carnival:
Frugal Rules ~ Reach Financial Independence ~ Eyes on the Dollar ~ Debt Roundup ~ Canadian Budget Binder ~ Johnny Moneyseed ~ Plunged in Debt ~ Tackling Our Debt ~ Femme Frugality ~ The Frugal Farmer ~ One Smart Dollar ~ Young Adult Money ~ The Frugal Path ~ Thrifty Dad ~ Broke Millennial ~ Cash Cow Couple ~ A Young Pro ~ Debtblag ~ The Random Path.
If you are not familiar with these sites, please check them out. I read every single one of them and they offer great stories, tips, support and community.
Also, please check out my new post at Tackling Our Debt where I am sharing the Dangers of Putting Off Your Finances. I’m thrilled to be a new contributor to Tackling Our Debt, an online magazine focusing on helping people get out of debt by saving money, living a frugal lifestyle & learning how to make money.
The Heavy Purse Store is now open! My new downloadable Money Club Workbooks are now on sale. Each workbook provides five targeted lessons to help you raise Financially Confident Kids. Please check them out in The Heavy Purse Store.
Photos courtesy of www.freedigitalphotos.net.
SHANNON RYAN, CFP®
Others run multiple businesses and carry a lot of debt thinking that one day their businesses will take off and they will be able to repay all that debt. Then the economy crashes like it did several years ago, and they immediately cross that line. Very risky.
Thanks so much for all of the mentions my friend. Have a wonderful day :-)
http://www.creditloan.com/infographics/how-the-average-american-spends-their-money/
This one shows how average Americans spend their money. Obviously debt and spending are joined at the hip.
I know folks who are in so much debt it's unreal. I would not walk a mile in their shoes that's for sure.
Let's hope this infographic will open eyes and encourage people to start taking control of their finances.
Thanks for putting this together.
I know this is a growing issue and it doesn't really seem to be getting any better. My mother always use to tell us if you don't have it then don't spend it and boy does she ever get mad when she hears these reports that are hurting our economy because of people spending money they just don't have. It's horrible that they weren't taught at a young age about finances. That's why I love what you share here and hope they'll really start teaching kids at an early age.
~Adrienne