Credit Cards and Super Heroes Teaching You Money Management?!

Everybody needs money management skills. It’s likely that you didn’t receive any formal money management training when you were in school. Your kids will probably graduate high school without having taken any such classes either. People are growing up, and entering the workforce, without having even the most rudimentary understanding of how to manage their money. Clearly there is a dearth of knowledge here. There is a push right now to train everyone, young and old, about money management.

Back in 2013, Bank of America teamed up with the Khan Academy to provide both bank customers and non-customers alike free, self-paced, easy-to-understand resources to develop better money habits. These courses are available at Here’s a sample

There are courses — both video and print — on a wide variety of topics, including courses on credit, for instance: 7 reasons to check your credit report, course on Saving and Budgeting, like: How to save money every day, and courses on Debt, like: 5 questions to decide whether to pay down debt or save, just to name a few. The courses are available in both English and Spanish. I highly recommend these courses to everyone. It’s likely everyone will learn something from these courses.

In an effort to reach people when they are young, Visa just issued a press release indicating that they are teaming up with Marvel Custom Solutions to release educational a comic book that teaches readers of all ages about personal finance. The new comic, Guardians of the Galaxy: Rocket’s Powerful Plan, was released in conjunction with Free Comic Book Day. The comic combines Marvel’s iconic Super Heroes with Visa’s financial literacy expertise to introduce readers to fundamental money management concepts. Visa Inc. is also partnering with the Public Library Association to make the new Marvel comic book available at public libraries nationwide.


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Okay it’s not too subtle and I’m not sure kids will be all that interested in this, but still, I am hopeful that some of these theories will sink in. This issue in particular strikes a chord with me. I like the premise, the inability to delay gratification for many is a key reason that they get into financial difficulties. People want things and immediately buy them, whether or not they can afford to fully pay for them when their credit card bill arrives.

Having a credit card company try to teach kids about not using credit cards sort of feels like tobacco companies trying to teach kids not to smoke cigarettes until they’re 18… err, 21 here in California effective next month… Regardless of my skepticism and cynicism here, I am happy to see the efforts being put forth by all those involved in an attempt to education people — young and old — on the importance of money management.

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