How Non-Profit Pockets Change Uses Hip Hop to Teach Financial Literacy
The non-profit group Pockets Change is using hip hop to bolster financial literacy among youths. Cheddar News reporter Michelle Castillo spoke to Andrea Ferrero-Haggerty, the executive director of Pockets Change, about her approach to teaching young people how to navigate their finances. "When I was stepping out of the house and heading off to college, there were a lot of things that I had to learn really fast by making mistakes, and I want more of our students to be able to unpack those money myths that permeate our communities," she said.
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
