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Survey: Teens Want to learn more about Colorado’s personal finances, but few opportunities to learn

Denver, CO (NYSE) 14 May 2009

A recent survey of students in the Denver area high school shows that almost half would like to know more about personal finances, but less than 10 has taken over a class of the topic. Almost a fifth of all respondents said that they know nothing about personal finance.

survey of more than 500 students was by Joshua Holmberg and David led Bruzzese as part of ongoing research for his book, “The Teen’s Guide to personal finance. personal finance basics, that know all teenagers should be” The interviews were performed this year were in the personal finance presentations several area schools the authors.

“Young people without knowledge of personal finance to adults without knowledge of personal finance. We try to teenagers at the time that the potential to make money and begin to influence financial decisions are reached to the rest of their lives,” Bruzzese said.

financial education for young people in Colorado will increase as the mandatory requirements of financial education for students from public schools, 2010.

When asked what financial issues, the more interested to know that 64 percent of respondents rated the saving of money between two options were to continue to invest in tracking expenditures and 49 percent percent 48th Not surprisingly, ranked only 12 percent of retirement between his two main options.

More than half of respondents said that with enough money to have fun and buy what they want even more important, compared with the same number, 23 percent of what a good, save for a car or save for the university as a top choice what to do with money. Only three percent of the students as saving for retirement more important.

“Teens in Colorado overwhelming majority want to learn about personal finances, but without opportunities for education to continue to see money primarily as a means of instant gratification,” Holmberg said: “We want to help young people understand the basics personal finances so they can avoid the financial problems many of us experienced. If it is clear on what is happening in the industry view that people make bad financial decisions that are in part due to the lack of knowledge have a negative impact . ‘

personal finance seminar

Bruzzese Holmberg is designed for juniors and has delivered more than 1,000 students in Colorado. The results of the study were used to adjust the workshop to better meet the needs of students and faculty. The full results of the survey are available at Teen Survey Results for Finance.

Joshua Holmberg, of Littleton, Colorado, an MBA from the University of Denver. David Bruzzese, Durango, CO, an MBA from the WP Carey School of Business at Arizona State University.

Teen’s Guide to Personal Finance: personal finance basics that every teenager should know, 94 pp, published by iUniverse, $ 12.95.

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Master the art of debt management

Article by Ann Gibson

Every time you buy, you want the goods purchased must have a long-term benefits. But while the choice of technology, debt service for a change in approach is remarkable. We find that short-term debt management techniques, such as debt consolidation loans are much higher in use. However, this is not a double standard by the people. The choice is mainly influenced by the immediate pressure of debt.

technical solution to the debt, which have a long-standing effect, are the rule of the day. The people are known by the name of debt management in the UK. Debt management aims to attack the roots of the debt, rather than simply fighting the consequences of debt. If debt is not allowed to use debt consolidation loans and other short-term management techniques to increase the debt is to be redundant.

Why is debt management preferred to have a longer effect? The performance is to accept the result of people that debt consolidation loans can give the exemption only for a moment, but not always. Even if the borrower’s ability, all debts to be paid at some point, there is no guarantee that debts do not rise again? What can be done now? A new debt consolidation is not a viable solution. The loan provider will be the first to deny loans to borrowers who have grown into a habit of borrowing. And recorded at home on the loan? Will you have enough capital to be used for other purposes? No! These are the reasons that the borrowers have been pushed over to find the management of long-term liabilities.

certain borrowers in distress to the inclusion of the debt consolidation loan debt management, debt management agencies which said that debt consolidation loans are not very good. These agencies debt management response follows: “not recommended banning the use of debt consolidation loans What we recommend is the prohibition of abuse of debt consolidation loans ..”

debt consolidation loans are used without restraint in the UK. It is because of the ease with which people are able to take advantage of debt consolidation loans that people have started spending recklessly, it is burdened by debt.

debt management agencies have dropped the habit of people in the United Kingdom. Since debt consolidation loan aid to the people even more debt, debt management agency is also crucial for the debt consolidation loan.

Debt management is making a proper use of debt consolidation loans. Compare the situation with an illness that a person faces. Debt consolidation loan, as surgery will be performed. However, doctors try first to cure the disease with oral medications. Oral medication administered through debt counseling. Only when oral medication can not cure the disease, the doctors suggest the surgery, that is, debt consolidation loans.

debt counseling refers to counseling borrowers about how to cure a debt problem. The advice is general in nature. The debt counselor, who is an expert is to sit the debtor for a few sessions to discuss the details of the debt problem. The problem of debt is in its preliminary stage, requires an effort from the borrowers own site. Debt Adviser offers some suggestions about which borrowers can lead to significant changes in their finances. Debt management agencies have given a new look to a certain age old principles in dealing with debt. These are the principles that are used to a feeling of guilt were to give borrowers.

It is during these sessions that the debt counselor is access to the use of debt consolidation loans. The factors to be considered in the decision are as follows: *

What is the amount of debt the debtor owed has one or has * several creditors, the borrower has enough disposable income to pay debts on their own without the use of debt consolidation loan? * The nature of the debt if the debt at higher interest rates are rising, and when it reached its expiry date.

several tips that you should not learned during the process of debt management will be forgotten during the repayment of debt consolidation loans. While the debt was resolved to creditors after the creditors. We must never rest until the borrower is the latest installment of the debt consolidation has been done.

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The rector of the VA loan experience

Tim Lewis discussed

VA loan and experience in helping veterans through the VA home loan process in DirectVALoans.com.
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The European ministers praise Greek austerity measures, the promise of new loans
Applaud the budget cut, the measures taken and proposed by the Government of Greece to the intense public pressure, has received the European finance ministers on Monday that at Athens on the way, new loans until mid-July.

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