Archive for the ‘Personal Finance’ Category

Visa’s Financial Football

Monday, January 21st, 2008

I was listening to NPR and there was a story about the NFL and Visa teaming up to create this game called Financial Football. Apparently some schools have started using it teach high-schoolers about personal finances. It’s a Flash based game with simple multiple choice interactions that can be confusing at times. However, I have to commend the effort and idea of using a brand like the NFL to get kids interested. They even have difficulty levels for college students.

At the risk of inciting class warfare, I think personal finances is one of the biggest things lacking in today’s education system (along with health/nutrition knowledge leading to obesity). The point of general education should be to churn out reasonably responsible and productive citizens. Money is one of those things that everybody uses but only an elite slice of the population understands. The knowledge of how to manage money is the key to everybody’s financial health. Yet nobody ever really teaches personal finance. The rich may teach their kids. But for most, it’s a matter of learning it on your own and most people just don’t have the drive to seek this stuff out since it’s not their passion. If it wasn’t for the internet, it would have been a lot harder for me to learn about all these different investment vehicles and how money works. It’s good to see some change now that the country is feeling the pain of irresponsible lending and spending.

P.S. I realize that this thing is sponsored by a credit card company. Though I’m usually skeptical of most PR, I’m willing to believe them this time when they say that educated, responsible spenders make better long term clients.