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Summer is beginning to wrap up with back-to-school advertisements making their way across the media landscape. While schools gear up to teach a myriad of subjects, one that is often overlooked is financial literacy.

HBCU Community Development Action Coalition's Our Money Matters program director Sharon Kent joins Wealth! to give insight into where to find financial literacy in schools and at large.

As to how and when to start teaching kids financial literacy, Kent believes parents should start: "Teaching kids the difference between needs and wants, that's always a good thing. And then some things that they can learn in school are understanding the basic value of money. Money is a tool. How do we use it effectively? How do we grow the money? Introducing saving and spending to help the students understand, once they get money, whether it's getting allowances from doing chores at home or even the monetary gifts they get in their birthday cards from parents, how to save that money. And then start introducing some practical skills, such as budgeting."

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino