Research shows that America's youth has a deep lack of understanding when it comes to finances and how to properly manage money. These disturbing statistics have generated a national movement to incorporate financial literacy into our education system and encourage parents to teach money management lessons at home.
We consider ourselves extremely lucky that we are both interested in managing our finances without an expensive adviser and wonder why so many people whether single or attached don't. With many couples it is usually one who is trying to get his or her spouse interested, or the differences are similar to ours, one is overly aggressive and the other is overly conservative.
We all know the importance of saving, and while it's ideal to save six months of income for a rainy day, I know first-hand how intimidating that can be for most of us. So, instead of looking at lofty savings or financial goals, I challenge you to take micro steps to reach your personal finance and debt reduction goals.
When it comes to gender and money, there's no shortage of stats on how the sexes stack up. But while you're probably used to hearing those differences dissected in discussions of salaries and pay inequality, it turns out there's a bit more to it: Gender plays a role in a whole range of everyday money matters.