Comments on: Fixing financial literacy http://blogs2.startribune.com/blogs/kablog/2008/04/04/fixing-financial-literacy/ Put the \"personal\" back in personal finance, the \"me\" in money management, the \"I\" in investing. Mon, 23 Nov 2009 15:28:58 +0000 http://wordpress.org/?v=2.3.3 By: bsimon http://blogs2.startribune.com/blogs/kablog/2008/04/04/fixing-financial-literacy/#comment-9004 bsimon Tue, 08 Apr 2008 21:10:35 +0000 http://blogs2.startribune.com/blogs/kablog/2008/04/04/fixing-financial-literacy/#comment-9004 "In my opinion, it should start in school and early on. I’m talking financial a-b-c’s alongside kids learning the alphabet." I agree. Understanding the miracle of compound interest is critically important to long-term financial planning. Secondly, it is important that people understand why saving for the future - and starting saving early - is so worthwhile. I think a lot of people don't understand how their money can work for them (see compound interest above). “In my opinion, it should start in school and early on. I’m talking financial a-b-c’s alongside kids learning the alphabet.”

I agree. Understanding the miracle of compound interest is critically important to long-term financial planning.

Secondly, it is important that people understand why saving for the future - and starting saving early - is so worthwhile. I think a lot of people don’t understand how their money can work for them (see compound interest above).

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