New Jersey gets a “B” on Teaching Kids about Money

When it comes to schools teaching children about money, New Jersey actually receives a "B," according to a study by Champlain College in Vermont.

That's pretty good

, considering 44% of United State's schools received a "D" or an "F."

Statistics show 95 percent of parents believe it's their responsibility to teach kids about earning, saving and spending money. But, that doesn't mean they have all the tools to do so, says Gregg Murset, founder of the free website myjobchart.com, which helps parents.

Murset says in his system, parents assign jobs around the house for their kids for points which represent money that can be divvied for saving, sharing and spending. The father of six created the website, after teaching his children about money.

More than 500 thousand families use Myjobchart.com.