I decided to change things up this Friday with an infographic instead of my usual round-up. Variety is the spice of life—right? 🙂 The editors at Online Accounting Degrees put together this great infographic and invited me to share it with my readers.
I had already seen it on a few other blogs, but the information is so important—and interesting—that I wanted to share it here too. What surprised me the most was how many teens said they knew how to budget (57%) and the difference between credit and debit cards (60%). While those numbers are still too low, they are higher than I expected. Although, with all due respect, knowing “how-to” budget and actually budgeting are two very different things! 🙂 Still, there is lots of room for improvement and work to be done.
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The teen statistics also caught my eye, I think as parents we should do more to involve our teens in family finances and in making some of the financial decisions.