Financial Education News

Financial literacy is an ongoing initiative of Oklahoma Money Matters, but the month of April is a time to specifically highlight and celebrate the benefits of understanding money and learning how to manage it well. This month, we return to the basics and provide the foundational tenets of financial literacy. Knowing these four principles will guide you regardless of where you are on your journey. Budgeting What it is: Creating a plan for how you earn, spend and save money. Why it matters: Helps you live within your means and avoid financial stress. Key points: Track income and expenses Prioritize ...

In the age of digital cashless payments, it’s become more and more important to have a debit card. Starting early with a debit card can also help you teach your child how to make their own financial decisions, learn how to budget for current and future expenses, how to prioritize savings, and even learn how to fix money mistakes while still having the parental supervision to keep them from real money issues. If you’re considering getting your child a debit card, here are some things to keep in mind when comparing the options: Age Restrictions: While there are numerous kid-focused options ...