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Financial Guru Suze Orman Teaches High Schoolers How To Be Smart With Money

Learning about money can be a little dry but not for students at the High School of Economics and Finance. They recently attended a high energy program where they got to bounce questions off author Suze Orman.

“What advice do you give to us who want to save for college," one student asked.

Her answer is community college for two years, then transfer to your dream school. But that wasn't the point of the program. The point was to stress the importance of being financially educated, and since that education often starts at home, right now Orman says, this generation doesn't have the best teachers.

“The adults that are in financial trouble were all kids that never learned anything about money and because they never learned anything about money they grew up to be adults that know nothing about money that are teaching their children nothing about money, which is why we have credit card debt, which is why we don't have any money in savings, which is why America is in trouble today,” Orman said.

The event was part of McGraw-Hill's campaign called Financial Literacy Now, which aims to educate people of all ages, not just teens, about money.

Sam Stovall of Standard & Poor's says while not everyone needs to be a trader or an economist, everyone, in every walk of life, should at least be financially literate enough to make educated decisions about their own wallet.

"I like to say that financial literacy is a journey and you shouldn't always assume that someone else should do the driving. you actually might want to do the driving or at least review the map before you let someone else do the driving for you,” Stovall said.

For some financial literacy tools to help you start charting your course, visit financiallitnow.org.

Balance Transfer Fees?

I searched through some of the messages for that answer.

My question is there always balance transfer fees and which credit card they deduct those?

The credit card you transfer your credit card or accept the transfer of costs and expenses generally how much?

I have an offer for a variable Apr. 5% if I transfer my high balances to this credit card.

Another issue is the cash advances included in your balance transfer?

Thank you

Tags: balance transfer fee?

do not know how all this works on balance transfers.

I guess what im asking for cash advances is that the "whole" balance are transferred to another card? Meaning your cash advances and purchases of regular credit card that is at a different rate?

I hope this clarifies things more?

They rode one of my cards interest rates of 33%. If I can, I want to transfer card balances and close the account is that possible? BofA is the balance I want to transfer.