Susan Beacham Financial Advisor on how to teach kids about finances PragmaticMom Pragmatic Mom Education Matters

Help Kids Get Smart About Money though Texting!

Teach Kids Financial Literacy through Texting

This hilarious post is from Susan Beacham, a financial literacy expert, author, columnist, and translator of “text speak.” She advises teaching kids about financial education and comes at it in an effective but usual way: text it to them! What a great idea for middle school kids and older!! If you want to sneak some “valuable life lessons” into this summer’s curriculum, try this! Your kid will think you are nutty but cool! And for those of us just learning to teen text-speak, she has a handy glossary at the bottom. TG (Thank God!).
This is what Susan Beacham says:
“I have some good news and some not so good news.  First the good: According to the OECD (Organization for Economic Co-operation and Development), the U.S. is one of 21 nations that are now beginning to integrate financial education into their school curriculum.  This is progress!

Now for the not so good news: U.S. schools have been dragging their feet for over a decade in embracing financial education in the classroom.  Other countries such as Australia, New Zealand, the U.K. and our neighbors to the north in Canada are moving much faster than the U.S. toward “a national mandate to teach and test personal finance in elementary and high school”, stated Dan Kadlec on his Bank of Dad blog (”

Want Kids to Listen To Your Advice? Text It To Them

Do u txt? Gr8. If u don’t, now’s the time to learn.

According to the Nielsen Company, the average U.S. teen sends 3,339 texts a month — more than six during every waking hour. And that’s just an average.

It’s tempting to go all OMG about our kids’ texting obsession. But here’s another idea: Harness that obsession for good and use it to get kids to hear what we have to say about money.

If we want to get kids talking, thinking and learning about how to be more financially responsible, there’s no better time than now–April is Financial Literacy for Youth Month– and no better way than texting.

Wondering how to get started? Not to worry.  Here are a few ideas for openers that will catch your kid’s eye and get you both talking about money.  “BTW, I have BTDT and this really works.”

1.) TTYL about wat ur going to do with ur bday money from gma and gpa. LTS. 2nite at dinner?

2.) I am willing 2 match dollar for dollar the $ u make at ur summer job. R u good w/ tht? Lets MIRL 2 talk about it.

3.) Ur savings is lonely! JW when ur going to stop by and make a deposit.  Wanna go to the bank today? PTB

4.) Just deposited ur allowance to ur checking account.  JW how much money u want to deposit in ur savings account?

5.)  Lets have a FTF to talk about college expenses.  Lunch this weekend?

6.) JW if you have thought about getting a job?  NOM but this summer u need to earn some money. *W* *W*

7.) Saw ur fone bill. OMG! N/C. Lets talk about how to get tht bill paid!

8.) Time to go through clothes in closet to make donation. DYK when u will have time to get this done?

9.) Watsup? Today is payday? How much do u want to put in savings?

10.) DYK that ur savings just passed $100? Gr8 job!

Try these out and email me with the responses you get in return from your kids.

Text glossary (listed alphabetically):

BTDT: Been there, done that
BTW: By the way
DYK: Did you know?
FTF:  Face to face
Gr8: Great
JW: Just wondering
LTS: Let’s talk soon
MIRL: Meet in real life
NOM: No offense meant
N/C: Not Cool
OMG: Oh my Gosh!
PTB:  Please text back
TTYL: Talk to you later
Ur: You are, your or you’re
$: Money
*W* Wink

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By Mia Wenjen, PragmaticMom


  1. I am so behind on texting jargon – thanks for the help.

  2. SO much to learn, so little time! I’m mom to a stepdaughter, so I only get the every other weekend responsibility of this stuff. She doesn’t have a cell yet but she wants one. She’s 11. So I see what we’ll be looking for.

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