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Opinion: Teaching kids how to manage money is now a reality in New Hampshire – Concord Monitor

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Opinion: Teaching kids how to manage money is now a reality in New Hampshire – Concord Monitor

Money looks — and feels — different than it did a generation ago. The era of checkbooks and paper cash is fading; in its place is an all-digital ecosystem of instant payments, peer-to-peer apps, online shopping and real‑time betting markets. That shift has changed not only how people transact, but how they think about money. If we want our children to grow into financially capable adults, schools must catch up. New Hampshire is finally doing just that.

Today’s payments are frictionless. Venmo, PayPal, Zelle and similar apps let teens split dinner bills, send gifts or trade cash for concert tickets with a tap — and without the tactile reminder that handing over cash provides. That digital ease reshapes spending psychology: abstraction and immediacy can weaken the emotional “pain” of parting with money, making impulse purchases and casual transfers feel less consequential.

Layered on top of effortless payments are prediction markets and widely available sports gambling. Betting apps normalize risk‑taking behavior and create fresh avenues for rapid losses — especially among young people who grow up seeing real‑time odds, live lines and social feeds celebrating wins. Online shopping amplifies the problem. The fewer trips consumers make to local retailers, the more normalized becomes a culture of instant gratification: one click, next‑day delivery and a new item arrives before the buyer has reconsidered the impulse.

These trends matter beyond individual households. Roughly two‑thirds of the U.S. economy depends on consumer spending. When consumers overspend, accumulate avoidable debt or lack basic savings and investment know‑how, the ripple effects are real: financial stress at home, reduced long‑term economic resilience and less stable local economies.

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That’s why financial education in schools is no longer optional. For over 25 years, the NH Jump$tart Coalition has advocated teaching personal finance in classrooms across the state. This fall brings a major milestone: beginning September for the 2026-2027 academic year, New Hampshire will require a standalone half‑credit course in personal finance for graduation, in addition to the existing half‑credit economics requirement. New Hampshire joins about 30 states that have adopted similar graduation requirements — a recognition that personal finance skills are foundational, not extracurricular. Reinforcing that momentum, Governor Kelly Ayotte has declared April as Youth Financial Literacy Month, a statewide acknowledgment that building these skills must start early.

A required course gives students structured exposure to budgeting, saving, credit, debt management, insurance, investing basics and the behavioral forces that drive spending. It provides a space to discuss how digital payments and gambling products influence decision‑making, how to spot predatory financial offers and how to build financial habits that support long‑term goals rather than immediate gratification.

But passing a graduation requirement is only the first step. Teachers need support. NH Jump$tart and partner organizations are working to provide professional development and classroom resources — many at no cost — so educators can teach personal finance confidently and effectively. Free curricula, interactive simulations, lesson plans and workshops help translate policy into practice in diverse classrooms.

Our next focus must be on measurement: determining what effective financial education looks like and how to scale it. We need clear metrics to evaluate whether students leave the course with durable knowledge, sound habits, and the confidence to make smart financial choices in a digital world. Measuring outcomes will help refine curricula, target teacher training and ensure the investment actually improves financial capability.

This new requirement, bolstered by the Governor’s proclamation and years of advocacy, signals a shift in priorities: New Hampshire recognizes that helping students manage money is as essential as reading and arithmetic. With two‑thirds of the economy riding on consumer choices, teaching financial literacy is not merely a personal benefit — it’s an economic imperative. By equipping young people to navigate digital payments, resist instant gratification and understand risk, we strengthen families, communities and the broader state economy.

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New Hampshire has taken a meaningful step. Now we must ensure schools, teachers, parents and students have the tools and the evidence to make that step count.

Daniel H. Hebert is the state president of NH Jump$tart Coalition. He lives in Hillsborough.

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Finance

Departing inspector general targets Council Office of Financial Analysis

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Departing inspector general targets Council Office of Financial Analysis

The $537,000-a-year office created in 2014 to advise the City Council on financial issues and avoid a repeat of the parking meter fiasco has failed to deliver on that mission, the city’s chief watchdog said Tuesday.

Days before concluding her four-year term, Inspector General Deborah Witzburg said a shortage of both adequate staff and financial information closely held by the mayor’s office prevents the Council’s Office of Financial Analysis from helping the Council be the the “co-equal branch of government” it aspires to be.

In a budget rebellion not seen since “Council Wars” in the 1980s, a majority of alderpersons led by conservative and moderate Democrats rejected Mayor Brandon Johnson’s corporate head tax and approved an alternative budget, including several revenue-generating items the mayor’s office adamantly opposed.

But Witzburg said the renegades would have been in an even better position to challenge Johnson if only their financial analysis office had been “equipped and positioned to do what it’s supposed to do” — provide the Council with “objective, independent financial analysis.”

“We are entering new territory where the City Council is asserting new, independent authority over the budget process. It can’t do that in a meaningful way without its own access to financial analysis,” Witzburg told the Chicago Sun-Times.

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Chicago Inspector General Deborah Witzburg’s latest report focuses on the Chicago City Council’s Office of Financial Analysis.

Jim Vondruska/Jim Vondruska/For the Sun-Times

But the Council’s financial analysis office, she added, “has never been equipped or positioned to do what it needs to do. It needs better and more independent access to data, and it needs enough staff to do its job. It has a small number of employees and comparatively limited access to data.”

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The inspector general’s farewell audit examined the period from 2015 through 2023. During that time, the financial analysis office budget authorized “either three or four” full-time employees. It now has a staff of five .

Witzburg is recommending a staffing analysis to identify how many people the financial office really needs — and also recommending that the office “get data directly” from other city departments, “ rather than having it go through the mayor’s office.”

The audit further recommends that the office develop “better procedures to meet their reporting requirements” in a timely manner. As it stands now, reports are delivered “sometimes late, sometimes not at all,” the inspector general said.

“We find that those reports have been both not timely and not complete in terms of what they are required to report on and that those reports therefore have provided limited assistance to the City Council in its responsibility to make decisions about the city’s budget,” she said.

The Council Office of Financial Analysis responded to the audit by saying it hopes to add at least three full-time staffers in the short term and has made “some progress” over the last three years in improving their access to data, but not enough.

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The office was created in 2014 to provide Council members with expert advice on fiscal issues.

For nearly two years the reform was stuck in the mud over whether former 46th Ward Ald. Helen Shiller had the independence and policy expertise to lead the office.

Shiller ultimately withdrew her name, but the office was a bust nevertheless. In an attempt to breathe new life into it, sponsors pushed through a series of changes.

Instead of allowing the Budget chair alone to request a financial analysis on a proposal impacting the city budget, any alderperson was allowed to make that request.

The office was further required to produce activity reports quarterly, not just annually.

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Now former-Budget Chair Pat Dowell (3rd) then chose Kenneth Williams Sr., a former analyst for the office, as director and gave him the “autonomy” the ordinance demanded.

Two years ago, a bizarre standoff developed in the office.

Budget Committee Chair Jason Ervin (28th) was empowered to dump Williams after Williams refused to leave to make way for a director of Ervin’s own choosing.

The standoff began when Williams said he was summoned to Ervin’s office and told the newly appointed Budget chair was “going in a different direction, and I’m putting you on administrative leave” with pay.

“He took all my credentials and access away. I would love to come to work. I wasn’t allowed to come to work,” Williams said then.

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Williams collected a paycheck for doing nothing while serving out the final days remainder of a four-year term.

Ervin’s resolution stated the director “may be removed at any time with or without cause by a two-thirds” vote or 34 alderpersons. He chose Janice Oda-Gray, who remains chief administrator.

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Finance

Reilly Barnes Returns to Little League® as Purchasing/Finance Assistant

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Reilly Barnes Returns to Little League® as Purchasing/Finance Assistant

Little League® International has announced that Reilly Barnes accepted a new role as Purchasing/Finance Assistant, effective April 6, 2026. Barnes transitions from a temporary Purchasing Assistant to this full-time position to assist in the year-round demands of purchasing for the organization, as well as the region and Little League Baseball and Softball World Series tournaments. 

“We are thrilled to welcome back Reilly to our team as a full-time Purchasing/Finance Assistant. Reilly’s prior experience, time management, and attention to detail make him an invaluable asset to the purchasing team,” said Nancy Grove, Little League Materials Management Director. “We look forward to the positive contributions he will have on our organization.” 

In this role, Barnes will be responsible for processing purchase requisitions, coordinating souvenir products, and tracking order fulfillment. He will also assist with evaluating suppliers, reviewing product quality, and negotiating contracts for effective operations.  

After most recently working as a Logistician Analyst at Precision Air in Charleston, South Carolina, Barnes, a Williamsport native, returns after honing his skills in the fast-paced environment. Prior to his time at Precision Air, Barnes served as a Procurement Specialist at The Medical University of South Carolina, where his expertise and knowledge were instrumental in supporting both education and healthcare needs.  

“I am thrilled to return to Little League in this full-time role,” said Barnes. “Coming back to my hometown and having the opportunity to work for an organization that has played such a special part of my upbringing means a lot. I can’t wait begin this new opportunity.” 

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Barnes graduated from the University of Pittsburgh in 2022 with a B.A. in Supply Chain Management, Finance, and Business Analytics.  

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Finance

Why this sleepy Swiss town has become a ‘bolt-hole’ for the Gulf elite

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Why this sleepy Swiss town has become a ‘bolt-hole’ for the Gulf elite

As conflict continues to destabilise the Middle East, the Gulf States elite are seeking solace in European alternatives that offer comparable financial benefits with a far lower risk of war on the doorstep. One such destination is the small Swiss town of Zug, which is becoming a “bolt-hole” for Gulf-based wealth, said the Financial Times.

‘Swiss Monaco’

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