New London News (Wisconsin, United States)

Learning to spend cash is a skill diminishing in importance. As people add more non-cash ways to spend money, they never entirely replace previous methods. This creates a broader knowledge base and extends the learning curve for today’s children.

Teaching children financial literacy is important, yet it is not the complete solution. The only way children can avoid making mistakes with money is by becoming financially competent, a skill that is not developed in the classroom.

Teaching our children how to handle money begins in the home. A new study shows that the majority of teens prefer to learn through experience rather than education, but are they being heard?