We’ve all heard the warnings about how potential employers can view the social media accounts of prospective employees to determine if they are hire-worthy but did you know that your social media habits might also affect your credit score? According to an article by Investors.com, credit rating agencies like Fair Isaac Corporation (or FICO) are implementing…
5 Tips to Stop Overspending on Your Children
In this age of immediacy, many parents have fallen victim to adage of “more is better.” According to T. Rowe Price’s 2016 Parents, Kids & Money Survey, which sampled 1,086 8 to 14 year-old children and their parents nationally, “nearly half of parents (46%) have gone into debt to cover something their kids wanted, and many…
Top 5 lessons to teach your kids about Money
Children learn a lot from what they see – it’s called social learning. Traditionally, kids are taught about various subjects such as science and math. However, a subject like money is rarely taught in regular classes or in the general curriculum. This is something we’re looking to change here at the YFL Foundation. Considering the…
Top 5 reasons why financial literacy is important for youth in 2021
Youth financial literacy is often taken for granted. Most of the time it doesn’t really get the seriousness that it deserves. The irony of it is that in 2020 money affects almost every aspect of our lives. If you are not going to teach your teenage child about money, how do you expect them to…