TOLEDO, Ohio - Ohio’s credit unions are urging parents across the state to have “the talk” with their children. In this case, it’s about money and credit.
The Ohio CU League has launched a financial education initiative called MoneyAndStuff, beginning in Toledo. The league cited a survey it commissioned of Ohio adults that found less than one-quarter (23%) make any effort to encourage financial literacy in their families. Just 5% were taught about personal finance when they were young.
The MoneyAndStuff initiative seeks to:
* Promote the MoneyAndStuff.info website as a financial education resource for parents, educators, public officials, credit unions, and the media. The site offers free financial lessons, tips for parents, and educational games.
* Target the most impressionable ages, grades 4 and 5, 11 and 12.
* Emphasize credit concepts and how to manage borrowing.
* Result in more Ohio credit unions providing financial education and partnering with every Ohio school district.
The league said it is also seeking to prepare teachers to meet the state mandate, passed by the Ohio General Assembly in 2006, requiring that all public high schools teach personal financial education starting in 2010.
