How Do I Read This Statement?

Think back to your first credit card bill or your first bank statement or maybe even the first college bill.  Full of jargon you may not have understood with scary terms like penalties and fees popping up in too many places.  Oh, and the small font left you wondering whether 1)  anyone could ever read it and 2) was someone trying to hide something from you.

Hat tip to Brian Page who suggested we expand our curriculum to include a “How to Read” guide for these common financial statements.  Turns out this is a great way to check for understanding with vocabulary also.  Check out the first two 10-15 minute activities that we have created to date which are meant so supplement your existing curriculum.

What do we have on the drawing board?

  • College bill
  • Credit report
  • Student loan statement
  • Pay Stub
  • 401k/Brokerage Statement
  • Cell phone bill
  • W-4 Form

Any other suggestions?  Please let me know at tim@nextgenpersonalfinance.org if you have some ideas to share on statements that we should be including.  Thanks!