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Please welcome Andrew from Money Crashers as our guest for today’s Financial Literacy Chronicles.  This is Day 17 of 30 in the Financial Literacy Month interview series here on Enwealthen.

Please tell me a little bit about yourself and your blog.

My name is Andrew Schrage and I’m Editor in Chief of Money Crashers, a personal finance website.

Don’t bite off more than you can chew.

Money Crashers tries to educate its readers on better ways to handle money, covering topics such as reducing credit card debt, saving for retirement, and the importance of budgeting.

Can you share your most impactful money memory from your childhood?

My parents taught me from a very young age how to handle money responsibly, with one of my most prominent memories being opening up the stock section of the daily newspaper each morning and following a few particular stocks closely.

I would read through entire stock section with my father’s assistance to explain what everything meant.

We all receive financial advice from people in our lives.  What’s the most interesting or useful financial advice you’ve received from your community?

Never spend more than you make.

This advice is simple enough, but when abiding by it, you can assure yourself of a solid financial life. This is something my mother instilled in me every time we went out shopping and, inevitably, expensive items would catch my eye and I’d ask her to buy them.

She wouldn’t let me buy anything unless there was enough in my savings.

I have several personal finance books I regularly give to friends and family.  What are your 3 favorite fundamental personal finance books you often gift to others?

A few good personal finance books include The Total Money MakeoverI Will Teach You To Be Rich, and All Your Worth.

They’re great books for folks in any sort of financial state – whether it be needing to find ways to save money, or even how to invest it effectively, although many different topics are covered.

What financial literacy education did you receive in school?  If you had a magic wand, what would you change to improve that?

There was not a lot of financial literacy learning provided to me in my schooling years, aside from my focus in college, which was Economics.

If I could change anything, I would include more financial literacy classes for students in our education system.

There are so many blogs on the internet, what are 3 of your favorite blogs that instill financial literacy, either by word or action?

Some great financial literacy blogs include The Simple Dollar, Get Rich Slowly, and Consumerist.

I like them because they go beyond the usual of just providing advice – they tell you how to put strategies into place with specific examples

Never spend more than you make.

I like to keep inspirational quotes around the house to remind me of what’s important.  Do you have a favorite money quote you use to inspire your financial life?

“Don’t bite off more than you can chew.”

If you can’t afford to pay for something by the time the credit card bill comes in, then you just can’t afford it.

You’re better off saving your money till you can pay for it in full.

Thanks for contributing to Financial Literacy Month here on Enwealthen, Andrew!

Andrew write about all things money at Money Crashers.  You can also follow him on Facebook and Twitter.

Readers, please share your thoughts on Andrew’s experiences, any additional questions you have, and suggestions for who else you’d like to see interviewed in the comments below.  And please do share this with your friends on Facebook, Twitter, and Pinterest.  Thanks!

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