(Published in KONK Life 8/19/2015)

I recently posted an article on Facebook about a young woman whose grandparents saved $90,000 for her college education and she blew it. That’s right; she went through all of the funds before her senior year. The tuition bill was in her hands and she couldn’t pay it.

This article got a strong reaction from friends and even my sister-in-law. How could this young woman who was given the fabulous gift of a college education blow it?

Well, how did Americans get to the point where we are today with $1.2 trillion in student debt, $901 billion in credit card debt and 5.8 million home foreclosures since September 2008? While there are multiple reasons, lack of ongoing financial education at home is a big one; poor math skills areanother.

Parents who are good role modelsarethe best indicators of financial success for their children.

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