April is National Financial Literacy Month – an entire month dedicated to underscoring the importance of learning, establishing, and maintaining healthy financial habits.

As part of our commitment to helping our families educate their next-generation on important financial and life matters, we are thrilled to announce the launch of our new initiative, TDC Life Academy.

If you’re a fan of Seinfeld, you might remember the ‘Summer of George,’ where after being fired from the New York Yankees, Mr. Costanza vows to use his three months of severance to create a life-changing summer season for himself. While we don’t share George’s passion for sitting around and eating large blocks of cheese, we do share his excitement for creating a life-changing summer season. This summer, our goal is to help change the future fortunes of as many young learners as possible by assisting them to start their financial learning journey.

Students and young adults have all heard about the importance of developing a budget. But, do they know why a budget is so important? Perhaps they simply spend what they must and save whatever’s left over. Or, perhaps they spend all they have and borrow or charge anything else that is needed. In either case, given the limits of their income, they may wonder , “What good would it do to have a budget?”

One primary factor contributing to the savings problem in America is the continued reliance on credit cards to purchase things one wants but does not necessarily need.

Leasing continues to grow in popularity among many new car buyers and will most likely be a tough decision for a young adult weighing its advantages and disadvantages. To help provide some perspective for those considering driving a new vehicle, below is a simple example of what students and young adults should consider when making this important decision and the financial impact of their final choice.

Many millennial households are on their way to building substantial wealth. They are saving 20% or more of their paychecks, investing in 401(k) accounts, and keeping their debt levels low. But others, even those with good educations and solid careers, are making financial mistakes. And some are making them over and over, digging a hole from which it may take years to climb out.

The American dream is built on freedom, hard work, and education! April is National Financial Literacy Month, and what most of our next-generation lacks is financial literacy. At TDC Investment Advisory, we decided to do something about this problem by creating RightTrak, a digital education curriculum that makes financial learning fun for high school students, college students, and young adults.

Today, TDC Investment Advisory is proud to introduce the launch of RightTrak, a fully digital financial education program designed to teach our client families’ high school students, college students, and young adults the fundamental foundations of managing, growing, protecting, and sharing wealth. Complete with video lessons, infographics, games, quizzes, assignments, real-life scenarios, and more, RightTrak makes financial learning fun. If you’re interested in enrolling your next-gen learner in RightTrak, contact your TDC adviser today.

Our organization has been talking about the importance of financial education for next-gen investors for some time.