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For example, Money Smart for Young Adults focuses on saving, debt, and homeownership, along with a series of Money Smart Parent/ Caregiver Guides. Their curriculum focuses on building financial capability and protecting deposits for consumers. [5]
She shared a story of a young couple who sought her help in figuring out how to pay down $8,000 in credit card debt, which translated to about $6,000 in actual purchase and $2,000 in interest paid ...
Understanding financial literacy and having suitable types of insurance can help young adults protect their assets and future earnings, which is an essential step in becoming financially independent.
Financial advice is only useful if it's relevant to your own particular situation. The right move for someone twice your age may be totally wrong for you, while your best financial move may be ...
The Young Americans Bank (YAB) is an American bank specifically set up for young people under the age of 22. [1] Although designed to teach children and young people how to manage money, Young Americans Bank is a full for-profit, Federal Deposit Insurance Corporation-insured financial institution. [2]
Previously, in 2001, a financial education curriculum called Money Smart was launched by the FDIC to help the financially unsavvy. [9] Economist Lisa Servon comments that lack of financial education as a reason for using services other than banks is often an inaccurate stereotype. [1]
Image Source/Getty Images "The teenage years are an influential period in a young person's life, particularly a time period when they can learn valuable skill sets for the future." So says John ...
There is a diversity of definitions used by bodies such as NGOs and think tanks, but in its broadest sense, financial literacy is an understanding of money. [8] Some of the definitions below are closely aligned with "skills and knowledge", whereas others take broader views, and some are from academic research which is tested and validated: