One question we often get asked is: Can schools teach our children about financial literacy?

Well, the Kosher Money team set out to speak to seniors at HAFTR (Hebrew Academy of the 5 Towns) in Cedarhurst, NY to learn more about what schools are and are not teaching, how these young adults view money and to share tips and tricks with the future leaders of the Jewish people.

Stacey Zrihen, a certified financial planner and expert budgeter, joined us at the school and shared her always-enjoyable insights.

To reach Stacey, email [email protected]

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00:00 Intro

1:47 Welcome to HAFTR

2:48 Meet Stacey

3:03 Classes Taught & Not Taught in High School

4:25 Is High School Too Early to be Discussing Money?

6:15 Young Business & Learning the Value of Saving

8:25 College Abroad & Allowances

11:20 Educating Schools & Parents on Importance of Financial Literacy

13:16 Credit Card Debt, BNPL & Amazon 

17:21 Money Advice for Singles

19:45 Sponsor Message

22:49 The Magic of Compounding

24:35 How to Grow Money

26:12 Taking Pulse of Room

27:12 Practical Money Management Tips

30:12 The World of Taxes

32:46 Checking vs. Savings

34:37 Get a Free Pushka!

36:48 Student Loans

39:10 The Importance of Budgeting 

42:45 Spending Strategies

44:10 Debt: Bad AND Good?

46:10 Subscriptions

48:24 Interest Rates

49:20 Budgeting Apps

50:30 Building Credit

52:10 Parting Message 

54:36 Outro

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As a reminder, all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. Got it? Good!

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