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One question we often get asked is: Can schools teach our children about financial literacy?
Well, the Kosher Money team set out to speak to seniors at HAFTR (Hebrew Academy of the 5 Towns) in Cedarhurst, NY to learn more about what schools are and are not teaching, how these young adults view money and to share tips and tricks with the future leaders of the Jewish people.
Stacey Zrihen, a certified financial planner and expert budgeter, joined us at the school and shared her always-enjoyable insights.
To reach Stacey, email zrihen@verizon.net
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00:00 Intro
1:47 Welcome to HAFTR
2:48 Meet Stacey
3:03 Classes Taught & Not Taught in High School
4:25 Is High School Too Early to be Discussing Money?
6:15 Young Business & Learning the Value of Saving
8:25 College Abroad & Allowances
11:20 Educating Schools & Parents on Importance of Financial Literacy
13:16 Credit Card Debt, BNPL & Amazon
17:21 Money Advice for Singles
19:45 Sponsor Message
22:49 The Magic of Compounding
24:35 How to Grow Money
26:12 Taking Pulse of Room
27:12 Practical Money Management Tips
30:12 The World of Taxes
32:46 Checking vs. Savings
34:37 Get a Free Pushka!
36:48 Student Loans
39:10 The Importance of Budgeting
42:45 Spending Strategies
44:10 Debt: Bad AND Good?
46:10 Subscriptions
48:24 Interest Rates
49:20 Budgeting Apps
50:30 Building Credit
52:10 Parting Message
54:36 Outro
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As a reminder, all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. Got it? Good!
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