Today’s top news headlines feature new ways consumers can instill financial literacy in their children and reasons Florida’s foreclosure court may be closed. Plus, find out how many families still believe in the American Dream.
Individuals Still Believe in American Dream, Despite Financial Hardship
A recent report shows the number of Americans who rate their own personal finances as “excellent” declined nine points from last year, dropping to 32 percent overall. Despite this decline, 68 percent of survey respondents said they still believe they have achieved the American Dream or will do so in the future.
Florida Budget Cuts Target Foreclosure Court
The Huffington Post
The most recent string of state budget cuts in Florida may force legislators to close one of the state’s most hated institutions: foreclosure court. The courts, dubbed “rocket dockets” for the quickness in which judges preside over the trials, have been criticized by consumers and attorneys for failing to give homeowners a fair hearing. Some areas of the state, such as Palm Beach County, have already made the decision to stop taking on foreclosure cases.
Speak To Kids Early On About Financial Topics
The Wall Street Journal
Financial professionals say the best way to instill strong money management skills and discipline in children is to introduce them to finance early on in their lives. In addition to talking to kids about money, experts say parents should take advantage of the resources available through banks, summer programs, non-profits and schools. As of late, a number of books, websites and games geared toward children are also devoted to teaching money basics.
Make Money This Summer Through Yard Sales
Yard sales are common during the summer months, and an effective way many families make money, but it’s difficult to compete with the online world of sales. Experts suggest “modernizing” yard sales to increase exposure and profitability. Consumers should consider advertising the yard sale online, using mobile apps to accept credit card payments and joining with neighbors to have a community sale.