Of all the challenges facing millennials, there is one that feeds into all the others combined, and that is financial illiteracy. MeaningfulMoney was set up to address this because understanding overcomes inertia; with knowledge comes power. Today I want to talk about what I think should be done to address financial illiteracy, and to share a bunch of resources that I know you will find useful.

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Millennial Challenge #6 – Financial Illiteracy

Most of us leave school with no formal financial education. If we're lucky, we may have sat through some PSHE lessons, with a well-meaning teacher trying to teach us what APR is, while trying to maintain control of a disinterested class.

Some of us have parents who taught us how to handle money, but many of us never had that experience. I for one had precisely zero financial education from my parents, though they taught me well in many other areas.

Let me talk first about what I would like to see happen to improve financial education for school-leavers, and some other thoughts, for what they are worth. And then I’ll cover everything you need to do to improve your own financial savvy.

Resources mentioned in this episode

Book: The Total Money Makeover by Dave Ramsey

Book: The Automatic Millionaire by David Bach

Book: Simple Wealth, Inevitable Wealth by Nick Murray

Book: Reset by David Sawyer

Book: The MeaningfulMoney Handbook

Blog: Money To The Masses

Blog: Monevator

Blog: From Pennies to Pounds

Blog: Much More With Less

Blog: Charlotte Musha

Blog: The Escape Artist

Blog: Mr Money Mustache

Podcast: ChooseFI

Podcast: Maven Money

Podcast: The Financial Wellbeing Podcast

Podcast: Informed Choice Radio

Podcast: Money To The Masses

Podcast: Smart Passive Income

Podcast: The Janet Murray Show

Podcast: Money with Rob Moore

Podcast: The Dave Ramsey Show

YouTube: MeaningfulMoney

YouTube Channel: Mama Fur Fur

YouTube Channel: Financially Wise Women

YouTube Channel: Our Rich Journey

Video: Simple Steps to Financial Freedom

Video: A Minimalist Approach to Personal Finance

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Website: Meaningful Academy

Book: The MeaningfulMoney Handbook

Course: Learn How To Invest– Don't forget the discount code of PODCAST25 when you sign up

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