New Jersey's banking and insurance commissioner, Tom Considine, recently discussed financial literacy with high-school students, advising them to track all their expenditures and explaining the real cost of a pizza charged to a credit card. "As book smart as you are, it's just as important to be financially smart," Considine told students. New Jersey's financial-literacy requirement for schools means that by graduation, students will need to show they understand the economy and how to manage their own money.

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