April 2025, Biweekly Newsletter

Article Highlight: The Importance of Teaching Financial Literacy to Kids Starting Young By Shveni Sunil

Teaching financial literacy to children from a young age is essential as it develops the skills they need to make informed financial decisions throughout their lives. It involves introducing concepts such as budgeting, saving, investing, understanding debt and needs versus wants. Instilling these skills early is essential as it fosters independence and confidence, allowing children to plan for their long term goals and effectively navigate financial challenges they may encounter as they enter adulthood. 

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Entrepreneur Highlight: Skims by Kim Kardashian

Photo Credits: Getty Images

Kim Kardashian launched Skims in 2019, and it has since then turned into one of leading brands for shape-wear and loungewear. According to Time Magazine, Kardashian spent years struggling to find shape-wear that was the right shade to match her skin tone, as many brands did not offer more than a couple different colors. She opted to dye her shape-wear with tea bags and coffee, a home remedy she found incredibly inefficient. This motivated her to create Skims, a brand that sells shape-wear of many skin tones and sizes, and it has quickly become a global success. 

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Term of the Month: Bankruptcy

When a person, organization or company is officially declared bankrupt, it means they cannot pay their outstanding debts. This could also mean that they will have their assets seized in order to pay off their debt. 

Happy saving,

The Project Launch Team