Finance Isn’t Taught in Schools
…and here’s why:
What We Can Do About It
Financial education is up to us as parents, but we often feel unqualified.
80% of U.S. adults say they could use help with financial situations, so how are parents who need help themselves supposed to help their children with financial literacy?
- 5 Realistic Teach Your Children About Finances (Even if You Feel Unqualified)
- 8 Crucial Reasons Your Kids Must Start Investing at a Young Age
We have to prepare our kids to handle thief finances before they leave for college. Unless they’re going for a finance degree, college won’t teach your children about money either. They could end up with a high income and no clue how to handle it (just look at the typical NFL or NBA player).
- 11 Things Every Child Must Know About Money (Before Leaving Home)
- 47 Things You Weren’t Taught in School (That Our Kids Need to Know)
All too often, money is a taboo subject. As children, we’re taught to never discuss money, which is why kids know absolutely nothing about their parents financial situation. This leads to adults who know nothing about finances in general. And that’s where most people stop.
It doesn’t have to end there. You may be a parent who feels inadequate to teach your kids about money, but you’re fully capable.
We can equip our children to win with money.
- 10 Books That Will Empower You to Teach Your Kids About Money (and all the books I’ve read on children’s finances)
- 8 Reasons You Should Start Investing for Retirement in Your 20s
- 4 Concepts Your Kids Need to Know About Money & Life
- How to Teach Your Kids to Invest
Guides for Parents
I’ve written several research-backed guides to help deal with the important financial issues parents face with their kids.
- How to Keep Your Kids Debt Free Forever (5 Areas of Life to Live Differently In)
- The System We Use to Pay Our 5 Kids for Work Around the House
- How Much it Costs to Raise a Child to 18 (And How to Make it Cost Much Less)
- 8 Ways We Feed Our Family of 7 Nutritious Meals for Under $400/Month
- The Complete Guide to Kids & Cars (Finances, Rules, & Buying Tips)
- When Should Your Kid Have Their Own Phone? A Real Conversation
- The Media Threat: How Much Screen Time is Too Much?
Life is also about simplicity. We would all like to lead a more peaceful and simple life, but all of life’s demands seem to get in the way. That’s why I also write about minimizing the less important things to make room for what’s truly important to your family:
- Defining Minimalism With a Family of Seven
- How to Craft a Peaceful and Productive Family Morning Ritual
- A Comprehensive Guide to Minimalist, Light Travel With Kids
- How to Declutter Slowly & Easily (Without the Stress)
- How to Budget for a Family Vacation (And 25 Places to Go)
Lastly, we can’t talk about kids and money without talking about college, so I write on the best ways to save for college without breaking the bank:
- The Complete Guide to Saving for Your Children’s College (What’s Best for You)
- A Simple & Honest Guide to 529 Plans (All Your Questions Answered)
- The Guide to College Prep Tests (20 Study Resources for the ACT and SAT)
- Everything You Need to Know About Scholarships & 10 Websites to Find Them
Raising Money-Smart Kids
When it comes to raising money-smart kids, I’ve got you covered.
There are plenty of things kids need to know about finances, but we have to take it one step at a time. And it begins with the basic terms and concepts.
- 15 Finance Terms Children Need to Understand
- 53 Board Games to Teach Your Kids About Money (At Every Age)
- Budgeting for Kids: How to Teach Budgeting From Age 3 to 18
- Why it’s Hurting Your Kids to Keep the Family Finances Private
- How to Teach Kids Where Money Comes From (It Comes From 5 Places)
- 10 Toys to Teach Your Kids About Money That Actually Work
- Teach Your Kids the 6 Things You Should Always Buy Used
We want to instill a sense of gratitude, growth, and grit into our children as well. That’s must easier said than done, but it’s quite doable.
- Teaching Thankfulness & Gratitude: How to Raise Grateful Children
- 20 Charities You Need to Know About (How to Choose the Right One for You)
- How Fewer Toys Makes Happier Children
- How to Instill Grit in Your Kids (It’s a 3-Part Process)
- How to Fight Entitlement Mentality in an Entitled World
Gratitude and thankfulness must be taught, because our society is focused on consumerism. It’s scary how advertisers are targeting children more and more in their marketing schemes. We’ve got to be prepared for this.
We’ve also created some guides to help children start earning money.
- The Complete Guide to Helping Your Child Start a Blog
- How to Teach Your Kids About Passive Income (6 Ways Kids Can Earn It)
Who Am I?
My name is Kalen Bruce. My wife and I were $24,000 in consumer debt when she handed the finances over to me. She was stressed out and I wasn’t helping. My spending was out of control, and I couldn’t see it on paper since she was the one paying the bills. I had been raised on credit cards and bad decisions, and it was showing heavily in our finances.
I was in the exact same situation many adults find themselves in. Clueless.
When I finally realized that I was spending more money than we had, I decided to become a serious student of finances. I got a few extra jobs, and we started paying off our debt. Then I decided to follow my dream of joining the United States Air Force, but there was just one problem: we still had too much debt. That’s when I got extremely serious about paying off our debt. I got a few more jobs, and within a two-year period, we were debt-free.
While climbing out of debt for two years, I read hundreds of finance books and completely changed my perspective. I went from knowing absolutely nothing about money to having a solid plan for leaving a legacy to my children.
Countless finance books, classes, seminars, and a BA in Finance later, I’m successful with my finances. I’ve been blogging and teaching about money since 2013, and then I realized something…
I was spending all my time helping people fix their money problems, instead of going to the root of the issue. That’s when it hit me. If our children knew how to handle their money, we wouldn’t be helping them dig their way out of debt in 10 or 15 years.
Why I Created Freedom Sprout
I created Freedom Sprout to fill a void. I’ve heard many conversations about how “they don’t teach finance in schools.” I’ve been part of that conversation too many times. It took years for me to stop complaining about it and do something about it. We have five kids, so we’ll have to get five adults into the world with a solid knowledge of finances. It’s time for us, not the government, to do something about it.
That’s why I created Freedom Sprout.
Freedom – 1c: the quality or state of being exempt or released usually from something onerous (a burden).
We’re breaking the generational curses of financial bondage.
Sprout – 2: to send out new growth.
Financial freedom is often a new concept to families.
There is a serious lack of financial education for our kids. I noticed it even more when I started doing research in preparation for starting Freedom Sprout. Do a quick search for books on financial education for children. Go ahead, go do a search. Back so soon? Did you realize that in the hundreds of thousands of finances books, there were hardly any on teaching our children about money? I didn’t know that until I did the same search.
I think you understand the need for something like Freedom Sprout.
The Future of Freedom Sprout
This is our ultimate goal and vision:
To sprout a future of financial freedom for 1,000,000 children.
We will accomplish this through our children’s finance course, and through our blog.
We are designing a finance course that encompasses all of the financial areas kids need to understand. Don’t worry, it will start with a mini course for parents to get up to speed. There will be videos for adults to teach their children, as well as videos for children themselves.
We’re projecting to publish a book in 2020 that breaks down all of the key ideas on money & mindset — the stuff kids need to know. It’s not just a children’s finance book; it’s a children’s success book.
As long as Freedom Sprout exists, this is our promise to you:
- We will never hinder your reading experience with advertisements
- We will never “up-sell” or “cross-sell” anything to you at any point
- We will never publish low-quality, sponsored content
- We will base our writing on Biblical principles
Freedom Sprout is founded on Christian-based, Biblical teaching. The blog, book, and course are all full of valuable information for anyone, regardless of religious affiliation or beliefs. But I want to be up front. I am a Christian and I use God’s principles for handling money, but you don’t have to be a Christian to appreciate Freedom Sprout.
This is growing and it’s going to be huge. If you’re interested in being part of it, let us know, and we’ll see how you can help. Look forward to the book and the course in the near future! You can stay updated on timelines here.