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Colorado Springs Chapter 7 bankruptcy lawyers know that anyone who has ever struggled with debt wants to ensure their children don't endure the same.
While some debts are inevitable, establishing good spending and saving habits early on can save them a great deal of heartache later on.
This is critical especially considering that a recent survey indicated that 12th graders were failing on basic, personal-finance literacy tests. (And only half of adults were able to get the right answers on basic questions about inflation and interest rates.)
A number of federal and state initiatives in the last year have focused on addressing these issues in high schools. For example, President Barack Obama's Advisory Council on Financial Capability has launched a campaign aimed at young people, with nearly two dozen money lessons important for children.
Here are some of those key points:
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733 E. Costilla St., Suite A
Colorado Springs, CO 80903
Phone: (719) 520-0164
Fax: (719) 520-0248