PRSA member and former San Antonio chapter president, John Worthington, has penned a great article in the October 20, 2006, edition of the San Antonio Business Journal (pg. 31). In the article titled, “Teach your kids about managing money before they leave the nest,” he discusses five basic money skills children need to learn before graduating from high school:
- Basic budgeting
- Credit card costs
- Savings basics
- Car financing and ownership
- Checkbook balancing
Now clearly John’s position as senior vice president of communication at Security Service Federal Credit Union had something to do with the opportunity to pen this article. (On the accompanying page there is an article about financial education, “Texas teens to get a healthy dose of Rx in the classroom,” by Tim Haegelin, president and CEO of the San Antonio City Employees Federal Credit Union.)
But anyone who knows John, knows that this topic is one of his passions. Just a few weeks ago, he was talking to me about helping my own kids learn about saving by opening a savings account. And my youngest is only 3 years old!
Great job, John! I for one will be taking your advice.