Current Event January 16, 2020
When someone borrows money and pays it back on time, they build credit, and good credit allows them to borrow more. People without a good credit history are often blocked from important economic transactions like renting an apartment or buying a car. Low-income people, immigrants, and others often have trouble getting their first loan to build a good credit history. Lending circles offer a community-based solution by arranging for people to borrow from each other. Listen to hear participants explain how lending circles work and how the loans they receive can improve their lives.
Current Event November 27, 2019
How much allowance money do kids typically get these days? A group of accountants recently conducted a survey to learn the current going rate for kids’ pocket money. They also asked parents whether kids have to do chores for their allowances and polled kids on their savings habits. One expert called the survey results “a shocker.” Listen to learn more about what the expert thinks kids should be learning about managing money and how families can help.