Giving young people a sound education means training them to be responsible, independent adults. A practical part of that education needs to be how to manage money.
The Nebraska Educational Savings Trust (NEST) Financial Scholars initiative is doing just that. NEST, the state’s college savings program, is under State Treasurer Don Stenberg’s purview.
As The World-Herald’s Andrew Ward recently explained, NEST is covering the $50,000 annual cost for an interactive instructional program that uses videos, animation, 3-D gaming and social media.
Seventeen school districts across the state introduced the program this fall and 42 other Nebraska school districts have developed the program over the past year with local banks as sponsors.
Key concepts include how to balance a checkbook, plan a budget and understand the basics of a credit score.
Maybe if these Nebraska students learn these important lessons, some of them one day can move on to Congress and apply much-needed Nebraska common sense to the way Washington handles our money.