Today’s guest on the Consumerism Commentary Podcast is Megan Wurm, the 2011 teen ambassador for the Money Matters: Make it Count program operated by the Schwab Foundation and the Boys & Girls Clubs of America.
Flexo joins Bryan on this follow-up to Episode 100, when Carrie Schwab-Pomerantz introduced us to the program which Megan won, granting her a $5,000 scholarship for college. Even more impressively, Megan was able to take the skills she learned and save up enough for a car and an iPad.
Megan even got to meet Senator Harry Reid and tour the east coast to help promote financial literacy.
Flexo, Bryan and Megan also discuss findings from the Schwab Foundation’s 2011 Teens and Money Survey.
Megan Wurm, Money Matters Ambassador: S05E08 / 138
Table of contents
[00:00] Introduction from Bryan J Busch
[00:35] Interview with Flexo and Megan Wurm
– [00:57] Money Matters
– [02:03] Megan’s role as ambassador
– [03:18] Financial priorities change from age 14 to 18
– [05:30] How Megan taught herself and her parents how to budget
– [07:22] Spending with a debit card
– [08:19] How adults can reach teens about money matters
– [09:59] Teens know less than they think they now
– [11:41] Naturally inclination to spend more?
– [12:42] Having a job and trying to save for college
– [13:18] Megan’s overall plan to pay for college and books
– [15:11] Mobile phone family plans
– [15:54] Advice for teens and their parents who want to learn about money management
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