Group items tagged

Many teenagers today have access to credit and debit cards and until recently, there was little parents could do to monitor and restrict their children's spending. Hernandez has identified a new prepaid card by Discover that aims to give parents more control over their children's spending habits. The prepaid card allows parents to restrict and actively monitor their teenager's credit card use. For a small monthly fee, parents can effectively control all aspects of their child's card and even restrict purchases of inappropriate material. Discover's prepaid card offers parents and teenagers an opportunity to enjoy the conveniences of a credit/debit card with relative safety.

Supiano gives us a look at financial literacy programs at universities across the United States. Attracting students to attend the program did not prove difficult, but the problem is, that many sign up, but don't follow through with attending. The program intention is to help students master the basics of budgeting, saving, and not spending beyond their means. College students especially need to understand the implication of irresponsible spending since tuition, fees and housing cost continue to rise. Supiano argues that financial literacy affects student retention, productivity, and mental health. The article also discusses where the responsibility should be for providing financial education. Financial-aid offices aren't equipped to offer an in-depth and broader education in financial literacy but they try. Home continues to be the best place to start the ground work for financial literacy.

Marijuana is heavily repressed in the United States. There is repeated documentation that there are lower risks associated with marijuana use compared to alcohol consumption. Also our government spends billions of dollars yearly to fight the war on drug/marijuana. Socially the United States needs to reform laws to accommodate social and economic disputes. This article effectively attacks the problem in the United States with marijuana laws. This article entails the health risks and economic issues that can be resolved with legalization or decriminalization of marijuana. Medical documentation gives evidence of lower health risks with marijuana compared to alcohol.

A psychological article about college students and financial management. The study examines debt and spending habits of students and how that may of occured. Their are statistics of demographics, financial classes, and even personality types and their relationship to debt. Could provide a good viewpoint of sociological and psychology factors for research.

College students today face a difficult time with easy access to a credit card and a lack of financial literacy. The authors' study concluded that the average college student is currently accumulating debt at an increasing rate. They believe the allure and purchasing power of a credit card causes some young adults to forgo their own inhibitions and just spend. This study provides an excellent source of quantitative information in the form of survey responses and charts. The authors break down their survey group into many categories, such as age and sex, to examine debt. The plethora of data allows correlations to be made and therefore a better understanding of college student credit card debt. However, the sample size was only 448 students on five college campuses, and in the future, a larger sample size could provide a more detailed and accurate analysis.

The authors discuss how college students' overreliance on credit cards and accumulated student loans have left many graduates with outstanding debt and poor credit scores. Credit card companies aggressively solicit college students, who are enticed by the power a credit card grants. Upon graduation, students with large sums of debt may find it difficult to find a job or rent property due to poor credit. To counter this surge of irresponsibility, the authors propose colleges create programs to educate students on how to use a credit card responsibly. The problem with creating more programs is universities must spend extra funds to create and maintain such an initiative. The authors fail to propose an early education curriculum for younger children to immerse them in the area of personal finance.

This article talks about how the social studies classroom is spending much of its time teaching literacy. While it is important for the extra literacy teaching, the article talks about how parents are worried about a lack in social studies education because of this. The cause for the extra literacy teachings in the social studies classroom is to prepare the students for the state mandated testing that places much more importance on literacy than on civics. This is a good source if you are researchign the effects of the no child left behind act

This paper focuses on the recent decline in the American and how American's saving habits are in need of change. Currently many Americans do not own stock, let alone their own home and many college students are facing credit card debt. The average American has a negative savings rating mean they spend all of their disposable income and then dip into their past savings. At least 45% of college students are in credit card debt and this number is likely to continue to rise.

Although many families have lost their savings with the current market decline college tuition continue to increase. This article explores various strategies and implementations to save for college and not accumulate debt. Parents should be aware that colleges are slashing budgets and reducing spending, but many have agreed to continue financing scholarships and financial aid packages. It is a good idea to have your child apply to three safety schools because competition is at its highest. Thanks to the government student loans are still readily available and should be a families first option due to the low interest rate.

This article talks about how researchers are say that now more than ever it is more important to help with your child's literacy development. It is never to early to begin the process of teaching you toddler to read and write. The article give some easy inexpensive ways to help you child learn this.

The goal of the study was to understand executives' feelings regarding employees with financial problems. The authors discovered that executives are adamant that their employees' finances are in order so company time and money is not wasted. When an employee is facing money troubles, he or she may become distracted at work or use company time to settle the matter. Many of the executives who were interviewed indicated they learned financials skill from their parents and while attending college.