Tag: Education

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Laureate Education Announces Preliminary Fourth Quarter and Year End 2021 Results and 2022 Guidance

MIAMI, Feb. 9, 2022 /PRNewswire/ — Laureate Education, Inc. (NASDAQ: LAUR) today announced preliminary financial results for the fourth quarter and year ended December 31, 2021 and guidance for full-year 2022.

Laureate Education Logo

Laureate Education Logo

Preliminary Fourth Quarter 2021 and Year End 2021 Results

Based on preliminary information, Laureate expects fourth quarter revenue of approximately $295 to $297 million and Adjusted EBITDA of approximately $57 to $60 million, and, for the year ended December 31, 2021, expects revenue of approximately $1,085 to $1,087 million and Adjusted EBITDA of approximately $250 to $253 million. Total enrollment at year-end 2021 was approximately 388,500 students.

Laureate ended the fourth quarter of 2021 with approximately $325 million of cash and cash equivalents and $154 million in debt outstanding. In addition, $74 million of the Walden sale transaction value was paid into an escrow account, which will be released in full or in part to Laureate in August 2022 pursuant to the terms and conditions of the escrow agreement.

Preliminary Outlook for Fiscal 2022

Based on preliminary information and the current foreign exchange spot rates1, Laureate currently expects its full-year 2022 results to be as follows:

  • Total enrollments expected to be in the range of 405,000 to 415,000;

  • Revenues expected to be in the range of $1,169 to $1,194 million; and

  • Adjusted EBITDA expected to be in the range of $320 to $330 million.

Reconciliations of the forward-looking non-GAAP measures, including the 2022 Adjusted EBITDA outlook, to the relevant forward-looking GAAP measures are not being provided, as Laureate does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliations, and such reconciliation could not be produced without unreasonable effort.

Please see the “Forward-Looking Statements” section in this release for a discussion of certain risks related to this outlook.

1 Based on actual FX rates for January and spot FX rates (local currency per U.S. Dollar) of MXN 20.56 and PEN 3.86 for February 2022—December 2022. FX impact may change based on fluctuations in currency rates in future periods.

The preliminary estimates for the quarter and year ended December 31, 2021 and outlook for fiscal 2022 set forth herein are not yet complete and are based on information available to our management team as of the date hereof. We have prepared the preliminary estimates disclosed in good faith based upon our internal reporting. These estimates are preliminary and unaudited, inherently uncertain, and subject to change as we complete our financial statements as of and for the quarter and year ended December 31, 2021. These preliminary estimates are not guarantees of actual performance, and are not guarantees of, or indicative of, future performance. Given the timing of these preliminary estimates, we have not completed our customary financial closing and review procedures, including full income tax calculations and management’s review of the results. We may identify other items that require material adjustments to these preliminary estimates as we finalize our financial statement close procedures for the quarter. Accordingly, these preliminary estimates should not be viewed as a substitute for full financial statements for the quarter and year ended December 31, 2021, prepared in accordance with accounting principles generally accepted in the United States (GAAP). Final results for the quarter and year ended December 31, 2021, and the final 2022 outlook could differ materially from these preliminary estimates. You should exercise caution in relying on these preliminary estimates and should not place undue reliance on this information or draw any inferences from this information regarding financial or operating data not yet provided or available. These preliminary results are subject to the final review by our audit committee and review by our independent registered public accounting firm. Accordingly, our independent registered public accounting firm does not express an opinion or any other form of assurance with respect thereto. Important factors that could cause our actual results to differ from these preliminary estimates are set forth below under “Forward- Looking Statements.”

Forward-Looking Statements

This press release includes statements that express Laureate’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ”forward-looking statements” within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate’s actual results may vary significantly from the results anticipated in these forward-looking statements. You can identify forward-looking statements because they contain words such as ”believes,” ”expects,” ”may,” ”will,” ”should,” ”seeks,” ”approximately,” ”intends,” ”plans,” ”estimates” or ”anticipates” or similar expressions that concern our strategy, plans or intentions. All statements we make relating to (i) guidance (including, but not limited to, total enrollments, revenues, and Adjusted EBITDA), (ii) our current growth strategy and other future plans, strategies or transactions that may be identified, explored or implemented and any litigation or dispute resulting from any completed transaction, (iii) any anticipated share repurchases or cash distributions and (iv) the potential impact of the COVID-19 pandemic on our business or the global economy as a whole are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, including with respect to our current growth strategy and the impact of any completed divestiture. Accordingly, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations are disclosed in our Annual Report on Form 10-K filed with the SEC on February 25, 2021, our Quarterly Reports on Form 10-Q filed and to be filed with the SEC and other filings made with the SEC. These forward-looking statements speak only as of the time of this release and we do not undertake to publicly update or revise them, whether as a result of new information, future events or otherwise, except as required by law.

Presentation of Non-GAAP Measures

In addition to the results provided in accordance with GAAP in this press release, Laureate provides the non-GAAP measurement of Adjusted EBITDA. We have included this non-GAAP measurement because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans.

Adjusted EBITDA consists of income (loss) from continuing operations, adjusted for certain items. The exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Additionally, Adjusted EBITDA is a key input into the formula used by the compensation committee of our board of directors and our Chief Executive Officer in connection with the payment of incentive compensation to our executive officers and other members of our management team. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors.

We have not included a GAAP reconciliation of our Adjusted EBITDA amounts for the quarter or the year ended December 31, 2021, because we have not yet completed our financial closing procedures for the quarter and year ended December 31, 2021, and such reconciliation could not be produced without unreasonable effort.

About Laureate Education, Inc.

Laureate Education, Inc. operates five universities across Mexico and Peru, enrolling more than 350,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning. Our universities have a deep commitment to academic quality and innovation, strive for market-leading employability outcomes, and work to make higher education more accessible. At Laureate, we know that when our students succeed, countries prosper, and societies benefit. Learn more at laureate.net.

Investor Relations Contact:
ir@laureate.net

Media Contact:
Adam Smith
Laureate Education, Inc.
adam.smith@laureate.net
U.S.: +1 (443) 255 0724

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SOURCE Laureate Education, Inc.

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Feb 9 | Literacy to Legacy Mentors Debuts “Financial Freedom Education” Weekly Series

Deborah Pratt Burns, 25-yr Fairfield, Connecticut resident, identified personal finance specialist, and sought-just after company and brand strategist, is launching her complimentary “2022 Literacy to Legacy Mentors® Financial Freedom Education” weekly on the web event series this Wednesday, February 9, at 5:30 p.m. Japanese. 

Burns’s first particular guest is Nassau County, New York-primarily based Trusts & Estates and Elder Law Pro, Harold A. Bollaci, Esq. who will be talking on the subject matter of Elder law and why it really is vital to you and your loved ones. Bollaci serves clientele in the Brooklyn, New York area in addition to all of Prolonged Island.   

An RSVP is necessary to attend. https://literacytolegacymentors.net/upcoming-situations.

In an entertaining and instructive 50 {ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}-hour question and remedy format, Burns will job interview field-main authorized, tax, insurance policies, investment decision, and the nation’s #1 money help advisor, on a large wide variety of personalized and organization finance topics.

She will also job interview CEOs of businesses that have reached anniversary milestones
and that are fiscally and socially responsible, in her quarterly “Entrepreneur Highlight,” portion of her “Economical Liberty Instruction Sequence.” 

In accordance to the Countrywide Endowment for Financial Schooling Surveys:
–Only 40{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of Us citizens have much less than $300 in cost savings
–Only 30{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of Us citizens have a extensive-time period economical strategy
— 63{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of Americans had their personalized funds impacted by the Covid-19 pandemic

“In a document higher-inflation, rising curiosity rate ecosystem major demand is creating between young specialists to retirees for a financial training they by no means acquired in college,” Burns said. “Centered on my 30 several years of experience mentoring younger adults, aspiring businesspeople, business owners and executives, family members and retirees, folks are hungry to understand a lot more ground breaking and innovative approaches to earn, preserve, devote, and devote their cash, but are overcome and do not know how or wherever to commence. I offer fiscal education and learning and mentoring equipment to empower them to obtain their objectives, all in one put.”

In addition to her practical experience as an efficient small business and economical mentor, Burns leverages a few a long time of working experience as a lucrative non-public investor, builder of six- and 7-determine corporations and brand names, and as an affluent promoting qualified to two of the world’s most prestigious wealth administration businesses, U.S. Trust and Rockefeller & Co., Inc.

Burns’s mission is to educate, encourage, and inspire people to grasp their economic lives and stay prosperously by means of personalized finance schooling and mentoring. For more information, e-book your seat at an upcoming function or sign-up for a complimentary
30-moment monetary consultation, make sure you take a look at her website.

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BrightCHAMPS acquires Education10x, the world’s first financial literacy education platform for children

PANJIM, India, Feb. 8, 2022 /PRNewswire/ — Goa-centered world wide edtech platform, BrightCHAMPS, introduced the acquisition of Education and learning10x, a economical literacy education and learning system for young children, in a funds & stock offer on Tuesday. The acquisition is in line with BrightCHAMPS’ vision of supplying a a single-end remedy for long term–all set life competencies to kids in the K-12 phase.

18-month-outdated Schooling10x was founded by IIM-Calcutta alumni Gyan Tiwari, Prasanna N Muley and Bhavishya Chaurasia. The firm has produced the world’s initial gamified finance software for youthful young children and teenagers from 8 to 16 many years of age. The program’s interactive curriculum is delivered in a dwell, 1-on-1 class model by finance pros who hold CA and MBA degrees. Instruction10x presently gives lessons to students from 20 countries, which include Saudi Arabia, Kuwait, US, Canada, UAE, Qatar, Bahrain, and Oman.

Saying the offer, Ravi Bhushan, Founder & CEO, BrightCHAMPS, explained, “At BrightCHAMPS, our purpose has usually been to equip little ones with all the future-generation long run–ready capabilities which they will require to guide fulfilled, thriving life. We feel economic literacy is 1 of the finest items that can be presented to the kids. Knowledgeable and progressive parents across the world have previously started out knowing its worth and we are currently observing an incredible early desire from men and women across the world. With that in mind, we are delighted to welcome Instruction10x, with its demonstrable monitor record of achieving phenomenal learning outcomes in just the economical literacy for kid’s place, to the BrightCHAMPS household.”

Gyan Tiwari, Co-Founder, Schooling10x, mentioned, “Schooling10x was commenced with the mission of educating the important everyday living talent of financial literacy to children neglected by present-day instruction methods. About the final 18 months, we’ve noticed incredible reaction from dad and mom and youngsters globally and now with the guidance of BrightChamps, we will be even further investing heavily in global enlargement, launching new classes in cryptocurrency and entrepreneurship, choosing across verticals and creating products that can present an even more advanced experience for kids.”

Launched in 2020, BrightCHAMPS has presence in 30+ nations and was valued at $500 million in August 2021, right after raising $63 million. It currently employs countless numbers of educators who supply tens of hundreds of classes all-around the environment just about every thirty day period, for little ones in the age team of 6-16 training them up coming-generation upcoming–prepared abilities for flourishing in the modern planet.

Supply BrightChamps

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How to Make a Solid Financial Choice for Your Aviation Education

Of the several paths to skilled piloting, school aviation plans are straightforward and effective. However, many of these programs come with astronomical price tags. How can an aspiring aviator get the most bang for their buck when choosing an aviation university?

Effective Knowledge

Until finally a short while ago, it would have been really tricky to look at our options. Thankfully even though, an intrepid researcher named Preston Cooper just accomplished a undertaking for the The Foundation for Analysis on Equal Opportunity, and we now have an very effective instrument for evaluating aviation universities.

How can an aspiring aviator get the most bang for their buck when selecting an aviation college?

Cooper and his colleagues gathered data on graduates from additional than 30,000 different bachelor diploma courses in the United States. They observed the value for each diploma, and compared that to authentic-globe earnings info for graduates to compute a return on investment (ROI) for every single program.

As we use Cooper’s info to examine our solutions, you may well want to look at this copy of his data. If you want to finish a additional in-depth evaluation, you can down load a duplicate of his learn spreadsheet here. Cooper would seem like a outstanding details scientist. 

Isolating Applicable Information

Surprisingly, Cooper does not recognize that the earth revolves about pilots, and his job wasn’t built with us specifically in mind. The ROI this data calculates assumes a individual finds a occupation relevant to their diploma. Due to the fact a pilot could key in anything at all from philosophy to chemistry and continue to expend their profession traveling, that principle doesn’t utilize to us.

Even so, lots of aviation colleges limit aspiring qualified pilots to a degree program known as one thing like aviation science. Some also provide an aviation administration solution as well. Cooper’s spreadsheet doesn’t discover degrees by these names, but it does listing air transportation as a degree method at most of the schools known to supply a specialist aviation monitor. For our investigation currently, we’ll form our spreadsheet and only take into account air transportation degrees in Cooper’s review.

Return on Expense

Two of the critical columns in this spreadsheet are the once-a-year and 4-12 months web tuition expenditures. These values account for an normal volume of fiscal aid and some other things.

Aviation plans charge additional for traveling, from time to time detailed as a lab fee. This demonstrates up in the spreadsheet’s columns for once-a-year and four-yr training-linked investing. You can use all those 4 columns to get an concept of the prices to complete just about every college’s aviation system. I imagine these could be the most essential values for most aspiring pilots.

We also treatment about the column for absolute enhance in life time earnings, and percentage and life time return on Investment. Nevertheless, do not get way too focused on the distinct dollar values right here. They represent a net existing benefit (NPV) for life span earnings, adjusted for quite a few other factors. Far more importantly, shell out attention to how these values review amongst faculties.

Most significant Winners

When sorted to display all air transportation systems, Cooper’s examine shows that just about every of the next colleges provides a life span earnings raise better than 100 per cent for considerably less than $100,000 in 4-year education and learning-connected shelling out:

  • Bowling Environmentally friendly Condition College-Most important Campus
  • University of Dubuque
  • College of Nebraska at Omaha
  • Louisiana Tech University
  • Rocky Mountain College or university
  • Kansas Point out College
  • Japanese Michigan College
  • Delaware Condition College
  • Utah Valley College
  • Everglades College
  • Ohio College-Primary Campus
  • Minnesota Condition University-Mankato
  • University of North Texas

(Embry-Riddle Aeronautical College and the Florida Institute of Know-how also rank amid these universities, nevertheless their calculated prices exceed $100,000).

Sorted a further way, the spreadsheet exhibits the adhering to educational facilities averaging much less than $10,000 in total tuition fees (following fiscal aid) and four-calendar year education-connected paying out figure less than $70,000:

  • Arizona Condition College-Tempe
  • Center Ga State University
  • San Jose State College
  • Oklahoma Condition College-Major Campus
  • Japanese Kentucky College
  • Utah Valley University
  • Louisiana Tech College
  • Indiana Condition College
  • Center Tennessee State University

Charges in Point of view

No make any difference the place you go, paying out for flight teaching is expensive. We’re getting enthusiastic about four-calendar year costs in the $70,000 to $100,000 range, just after monetary help. Really do not neglect how a lot professional pilots get compensated though.

Relying on bonuses, regional airline pilot pay out starts around $50,000 to $75,000 per calendar year ideal now. New-employ the service of annual payment at a big airline commences at extra than $100,000. United Airlines lately observed that their widebody captains make at minimum $350,000 for each yr.

Certainly, it will get a good deal of price savings, part-time work, monetary help, and probably even loans to address the up-front prices of flight schooling at a collegiate aviation program. Even right after earning your ratings, it may possibly take some energy at lessen shell out to go from 250 full flight several hours as a business pilot to the 1,000 to 1,500 overall several hours essential for an airline transportation pilot certification so you can land a regional airline occupation. It is truly worth it, however.

Any pilot who sticks with this vocation for the extended operate need to have no difficulty having to pay back again their first investment, and seeing major total profession ROI.

Pedigree

Some collegiate flying plans are better identified than others. Some may possibly even seem to be prestigious to you, just like Ivy League faculties are for other educational applications. Does that seriously subject for pilots nevertheless?

I graduated from the U.S. Air Pressure Academy. One particular of our beloved observations was that the day right after graduation the No. 1 graduate from each individual class is identified as the very same point as the bottom graduate from just about every class: Lieutenant.

I believe the exact same is legitimate for most collegiate aviation applications. You could graduate from a properly-recognised school like Embry-Riddle or the University of North Dakota, but all a possible employer seriously cares about is no matter if you have the right ratings and flight knowledge specifications for a supplied career. That encounter is definitely additional essential than any relative prestige of an aviation science degree from one particular university or a different.

If I were being starting off in excess of and choosing a collegiate aviation application, I’d commence by identifying systems with the cheapest upfront fees. Amid all those, I may possibly use Cooper’s analyze to see if just one method has the probable for greater ROI than one more. Nonetheless, as lengthy as a program is secure and can be finished in 4 yrs, I see no rationale to shell out additional to get a particular school’s name on my diploma.

As in other places of aviation, money is not every thing nevertheless. You need to consider a wide range of other things if thinking about a collegiate aviation system. We’ll glimpse at a number of of them in a potential column.

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Biden’s Education Department Withdraws Student-Loan-Forgiveness Appeal

  • Two months in the past, a choose accepted $100,000 in student-financial loan forgiveness for a person by way of personal bankruptcy.
  • A 7 days later, Biden’s Education and learning Section appealed that decision.
  • On Friday, the office announced it would withdraw that attraction and assessment bankruptcy insurance policies.

President Joe Biden’s Education Department announced on Friday that it would be withdrawing its attraction of a $100,000 college student-mortgage-forgiveness court selection, backing down from its go a week before to block the debt discharge.

Two weeks in the past, a Delaware judge granted Ryan Wolfson — a 35-yr-outdated male with unmanageable pupil financial debt — discharge of his financial loans by means of personal bankruptcy, arguing that Wolfson proved he would not be in a position to fork out off his financial loans partly mainly because of epileptic seizures that produced it hard for him to hold a work. Very last week, the Education and learning Department took the 1st move in blocking that court docket final decision by submitting an attraction.

But on Friday, an Education Division spokesperson advised Insider the division was reversing course.

“While we continue on to provide speedy relief for debtors struggling with debt, we are also earning long-lasting alterations that decrease indebtedness and make faculty much more affordable,” the spokesperson stated. “This January 28 observe of charm will shortly be withdrawn.”

“The Section of Education and learning has indicated publicly that it is examining existing bankruptcy guidelines, a approach, which remains ongoing. When the university student-bank loan-payment pause remains in effect, any borrower in an adversary personal bankruptcy continuing can request and receive a keep on their proceedings,” the spokesperson extra.

James Kvaal, the undersecretary of schooling, also alerted the public to the department’s selection in a Friday tweet. 

This determination is part of Biden’s pandemic aid endeavours for scholar-financial loan debtors. He not long ago extended the pause on university student-loan payments for the 3rd time, and he has canceled college student credit card debt for qualified groups of debtors, this kind of as those defrauded by for-profit faculties. 

It truly is also, as the spokesperson described, a different stage toward reviewing bankruptcy insurance policies. To effectively discharge credit card debt through individual bankruptcy, a borrower has to show “undue hardship,” which indicates the borrower can not manage a minimum regular of dwelling, their situation probably won’t strengthen, and they’ve designed a very good-faith work in repaying their financial debt. 

In Wolfson’s situation, the judge wrote in her viewpoint that courts have been too rigid in their interpretations of undue hardship — and Biden’s administration would seem to be mindful of that. In Oct, Federal College student Help head Richard Cordray stated in the course of a Residence subcommittee hearing that the bankruptcy procedure “would not get the job done perfectly.”

“It requirements to be reformed,” Cordray reported. He extra, “And we’re committed to performing that.”

Whilst advocates expressed original disappointment with the Schooling Department’s decision to attractiveness Wolfson’s circumstance, they lauded the reversal on Friday. Dan Zibel, the vice president and main counsel at Pupil Defense — an group that advocates for borrower protections — tweeted that the withdrawal was “extremely welcome information.”

“@studentlegalnet appears to be like forward to operating with @usedgov @TheJusticeDept to promptly evaluation their legal positions & inside guidelines with respect to bankruptcy in student personal loan cases,” Zibel wrote.

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Financial Education Resources for Kids

Once kids leave home, they face some heavy financial responsibilities, including creating a budget and choosing the right investments for their long-term goals. Much of the time, however, they’re woefully unprepared for those challenges.

Many kids grow up in households where parents simply aren’t comfortable talking about money. And, in much of the country, they’re not required to get a financial education at school, either. That’s why, according to a 2019 study by Experian, as many as 76{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of Gen Z respondents said they wished they had been able to take a financial education class.

The good news is that there are plenty of great money-related resources for kids on the internet and on library bookshelves—you just need to know where to look. Here are some of our faves when it comes to teaching children the basic financial skills they’ll need and, even more important, down the road as independent adults. 

Key Takeaways

  • Parents today have a wide array of options when it comes to teaching kids basic financial lessons, from podcasts and books to online courses and mobile apps. 
  • Among the more unusual resources available to parents is a comic book series developed by the New York Fed, which can be had for free in digital or print format. 
  • For an interactive experience, the virtual investing and entrepreneurship classes from Juni provide a project-based experience under the guidance of an instructor. 

‘Million Bazillion’ (Podcast)

Where did our money-based economy come from? Why does pizza cost what it does? Why do you see ads when you watch TV or go on YouTube? 

Listeners can get an answer to some of the basics about how the economy works and how to use their money wisely by tuning into “Million Bazillion,” an entertaining podcast by the kid-friendly debit card Greenlight. The show tries to make those topics fun, with trivia and celebrity cameos in each episode.

Some of the show’s topics have a convenient tie-in to its sponsor, such as the episode where a high schooler talks about using Greenlight’s app to save money for a sports car. That doesn’t make those kind of skills any less useful to younger kids, who are still learning to use their money responsibly. In fact, you can point out the product plug and start raising their consumer consciousness about advertising.

‘Money With Mak & G’ (Podcast)

If you’re looking for fresh content, “Money With Mak & G” doesn’t disappoint. The weekly podcast serves up explainer segments (as in, what exactly is the S&P 500?) and money tips, such as understanding the cost of owning a pet and how your health later in life can affect your finances. And, at under 10 minutes each, those installments won’t test your child’s attention span too much.

The podcast is hosted by Ben Jones, a certified public accountant (CPA) and certified financial planner (CFP), who’s joined by his twins, Makenna and Grant, who started podcasting with their dad at age 10 and are now 13 years old. Sure, the hosts’ lighthearted repartee can get a bit corny at times, but most kids will come away with valuable money management skills. And a dad joke or two.

76{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}

The percentage of Gen Z respondents in a 2019 Experian poll who said yes when asked if they wished that they had had a financial education class in school.

Savings Spree (App) 

There is no shortage of great apps to help your little ones learn the financial basics. For younger children (under age 10), Savings Spree is a particularly good one. The app, available on Apple devices, teaches kids the long-term consequences of how they manage money. They learn to save money for short-term purchases, invest a portion of it for longer-term needs, and even donate part of it to charity. It costs $5.99 to download.

The Everything Kids’ Money Book: Earn It, Save It, and Watch It Grow! (Book)

Is your son or daughter more of a reader than a podcast listener? The Everything Kids’ Money Book by Brette Sember is a great way to help them learn the basics of the economy and how to become more responsible with their money.  

Aimed at kids aged 7 to 12, the easy-to-navigate book has sections explaining how paper money is made, how credit cards work, and how stocks can help their money grow. Sember explains those complex subjects in a way that resonates with an elementary school audience—no mean feat. Published by Simon & Schuster, the print edition has a list price of $9.99, and it is also available as an ebook and audio book.

Federal Reserve Educational Comic Books

A band of valiant explorers journey across the universe looking for—an exploration of monetary policy? This comic book series developed by the Federal Reserve Bank of New York definitely isn’t your standard action hero stuff. 

Still, give the Fed this: It has managed to teach economic and financial concepts in a way that kids can actually appreciate. If it takes UFOs and four-eyed aliens to get children interested in purchasing power or monetary policy, well, here you have it. The series is largely intended as an instructional resource for teachers, although parents can get a free download, or even a printed copy, on the Federal Reserve Bank of New York’s website.

Hands on Banking (Website) 

Whether they head off to college or find a job right out of high school, setting foot in the real world can be a dizzying experience. Geared toward older children and young adults, the Hands on Banking website can help them improve their footing. 

Through free, easily digestible articles and videos, the Wells Fargo–sponsored site tackles everything from comparing college student loan offers to paying taxes and using credit cards wisely. It’s a tool kit a lot of parents will wish they had when they were first leaving the nest. 

Juni (Online Classes) 

If your children are interested in getting some hands-on experience playing the stock market or running their own business, online classes from Juni might be just the answer. These one-on-one, project-based courses provide a simulated environment where kids ages 9 to 18 learn the basics of investing, entrepreneurship, and building credit. Courses run a pricey $62.50 per session, billed at $250 a month, although they can take their first class for free. This one may be more than the most parents want to pay, but the free class will tell you if it’s worth it.

What Are the Best Mobile Apps for Teaching Kids Financial Skills?

There are innumerable options, many of them very good. For younger children, Savings Spree, Unleash the Loot!, and Kids Finance help kids learn important financial concepts such as delayed gratification. For teens, apps such as Investmate teach the basics of stock trading. And World of Money, for example, has lessons for kids of various age groups. 

Are There Online Classes That Help Kids Learn Money Skills?

While not exclusively a financial education platform, Juni has project-based courses that teach kids about investing, entrepreneurship, and basic money management. Other virtual education providers with financial literacy offerings (and lower prices) include EVERFI and Outschool. 

What Are the Best Resources for Nurturing Financial Literacy in Kids?

That depends on your child’s age, your goals, and your budget. For self-motivated children, publications such as The Everything Kids’ Money Book are a nice introduction to a variety of financial topics. For kids who need a little more interaction, online courses, such those from Juni or Outsource, can be of help. And if they’re strapped for time, putting on a podcast such as “Million Bazillion” or “Money With Mak & G” can give them exposure to financial topics, even if you’re in the car.