Financial Nutrition® for Young Women: How (and Why) to Teach Girls about Money

by Melissa Donohue

Overview

A powerful resource for all women who want a better understanding of financial empowerment, this book provides an easy-to-follow approach for adults to teach girls about money—and for girls to do some learning on their own.

• Supplies a detailed presentation of core financial concepts in a manner that anyone can easily grasp so that parents can feel confident in their own financial understanding

• Authored by a mother, teacher, and financial educator who is uniquely qualified to bring the importance of mastering core financial concepts and acquiring real-world money management skills to light

• Presents ways that girls can try the financial learning activities from the book when it fits in their schedules—after school, in the evenings, or on weekends

• Includes stories from the author's work with girls and young women over the past decade, providing adults with a better sense of this generation's viewpoints

Product Details

ISBN-13:	9781440852312
Publisher:	ABC-CLIO, Incorporated
Publication date:	09/21/2017
Sold by:	Barnes & Noble
Format:	eBook
Pages:	163
File size:	1 MB

About the Author

Melissa Donohue, EdD, is president and founder of Financial Nutrition™, a nonprofit organization focused on girls' financial literacy and economic empowerment, and has more than 20 years of experience in finance, financial journalism, and financial education.

Table of Contents

Foreword Molly Donohue ix

Preface xi

Acknowledgments xix

Chapter 1 Women and Money: Telling the Story for Girls 1

Chapter 2 The Financial Nutrition^® Method Underlying It All 13

Chapter 3 Income: Learn Not to Underearn 23

Chapter 4 Budgeting and Saving: Needs versus Wants 37

Chapter 5 Compound Interest: You Can Understand This! 49

Chapter 6 Debt and Credit: Let's Manage This 63

Chapter 7 Investing: Girls Don't Need to Fall Behind 77

Chapter 8 Taxes Don't Have to Be a Dirty Word 89

Chapter 9 Insurance: The Ultimate Hedge 101

Chapter 10 Financial Information Sources: Education and Experts Matter 113

Chapter 11 Entrepreneurship: Think in a New Way 123

Chapter 12 From Here: How to Keep the Learning and Empowerment Going 137

Appendix 1 Financial Nutrition^® Clubs 147

Appendix 2 Financial Nutrition^® Curriculum 151

Notes 153

Index 161

What People are Saying About This

Andrew O. Smith

“Anyone familiar with the research knows that girls learn differently than boys and that as women they will face unique financial challenges. Financial Nutrition for Young Women equips girls (and their parents) for a financial world that is still inhospitable to women throughout their lives. Melissa Donohue shows that overcoming socialization, modifying behavior, increasing entrepreneurship, and embracing investments are uniquely necessary to help girls find their financial voices and make the life choices that are best for them. Donohue’s chapter on managing your income and tips about handling mortgages are especially important.”

Linda Babcock

“Financial responsibility and knowledge are intertwined, and women often have too little of the former and, for that reason, not enough opportunities to learn about the financial realm. This puts them at a disadvantage in their interactions with employers, partners, and with others who provide services ranging from health care to home repair. The cure lies in educating young women and girls, and Financial Nutrition for Young Women teaches readers both money management skills and confidence-building negotiating skills, ensuring that the next generation of women start with a level playing field in dealing with money matters.”

Kathleen Burns Kingsbury

“It is time for all of us to stop buying into the myth that women are less financially capable than men. In this book, Melissa Donohue eloquently discusses the complex reasons behind this myth and offers a solution for empowering the next generation of women to be more financially savvy and self-assured. This is a must read for anyone with a young girl in her life.”

Jeanne M. Hogarth

"Closing the gender gap in financial capability is important for us as a country economically and socially. And it’s important for us as parents, educators, and members of civil society to foster a broader and deeper understanding of what it takes to be financially healthy. Financial Nutrition® for Young Women: How (and Why) to Teach Girls about Money is a step in the right direction toward helping women of all ages build and maintain their financial health and security."

SuEllen Hamkins

"Financial Nutrition® for Young Women sparkes in serving up the financial info that every girl deserves to know! Encouraging and practical, this smart book offers a clear recipe for how you can provide your girl—or yourself!—the means to create a life of financial security and freedom. I recommend this book as a must-read for mother-daughter groups. Get this book today!”