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.netSPONSORS 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 Intro1:47 Welcome to HAFTR2:48 Meet Stacey3:03 Classes Taught & Not Taught in High School4:25 Is High School Too Early to be Discussing Money?6:15 Young Business & Learning the Value of Saving8:25 College Abroad & Allowances11:20 Educating Schools & Parents on Importance of Financial Literacy13:16 Credit Card Debt, BNPL & Amazon 17:21 Money Advice for Singles19:45 Sponsor Message22:49 The Magic of Compounding24:35 How to Grow Money26:12 Taking Pulse of Room27:12 Practical Money Management Tips30:12 The World of Taxes32:46 Checking vs. Savings34:37 Get a Free Pushka!36:48 Student Loans39:10 The Importance of Budgeting 42:45 Spending Strategies44:10 Debt: Bad AND Good?46:10 Subscriptions48:24 Interest Rates49:20 Budgeting Apps50:30 Building Credit52:10 Parting Message 54:36 OutroFollow us on social media for more content:TikTok - https://www.tiktok.com/@livinglchaimInstagram - 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.comYou can WhatsApp us questions, comments & voice notes: 1-914-222-5513WhatsApp 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: 079-579-5088Need financial guidance? Get help from our friends at LivingSmarterJewish.orgKosher 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.