About this episode
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 zrihen@verizon.net SPONSORS OF THIS EPISODE • Colel Chabad: Get a FREE pushka (charity box) from this great non-profit helping feed Israel's neediest. Simply visit https://www.ColelChabad.org/Pushka & https://www.ColelChabad.org/KosherMoney to make a much-needed donation. • Approved Funding: Looking to purchase a home? Looking to refinance? You need to speak to Shmuel Shayowitz at https://ApprovedFunding.com/Mortgages to make sure you do it right. Tell him we say hi! 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 Follow us on social media for more content: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ 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! Submit your questions to hi@LivingLchaim.com You can WhatsApp us questions, comments & voice notes: 1-914-222-5513 WhatsApp us feedback and you'll get first access to episodes! Our brand new and free call-in-to listen feature is here: 🇺🇸 USA: 712-432-3489 🇬🇧 UK: 0333-366-0154 🇮🇱 ISRAEL: 079-579-5088 Need financial guidance? Get help from our friends at LivingSmarterJewish.org Kosher Money is produced by Living Lchaim and you can find more shows at LivingLchaim.com Hosted on Acast. See acast.com/privacy for more information.