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Helping Teens Get Good Grades in Money Management: A How-To Guide from the FDIC
For teens, saving money may not be as much fun as spending it, but putting dollars aside for their future and learning how to be smart consumers are still important things to do. Teens have access to more money than ever before thanks to allowances, gifts and, for many, income from jobs. Teens also are becoming more responsible for making decisions about everything from small, everyday purchases to saving for college or a car. That's why the latest issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, is a special guide to help teens (and many pre-teens) learn how to make good decisions about their money, right from the start. Although the new guide is written for teens, it also can be used by parents and teachers to help them talk about money management with young people.
The publication, entitled "Start Smart: Money Management for Teens," features simple, real-world guidance on how to:
The goal of the quarterly FDIC Consumer News (which is primarily for adults) is to deliver timely, reliable and innovative tips and information on financial matters, free of charge. The guide for teens can be read or printed online at www.fdic.gov/consumers/consumer/news/cnsum06. There also is an online form for ordering up to two free copies. The FDIC also is encouraging financial institutions, schools, consumer organizations and the media to reprint the new guide for teens in whole or in part and to link to or mention the FDIC Web site. The guide is available on the FDIC Web site in a PDF format that can easily be reproduced in any quantity. Space on the back page of the PDF version was intentionally left blank so that an organization could add its name, logo, a special message and/or self-mailing information.
Current and past issues of FDIC Consumer News -- including special guides for senior citizens and young adults (from those just beginning a career or family and others still in high school or college) -- are online at www.fdic.gov/consumernews. The FDIC also offers a free subscription service that provides an e-mail about each new issue of FDIC Consumer News posted to the Web site and a link to stories of interest. Instructions for subscribing are posted at www.fdic.gov/about/subscriptions/index.html.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,778 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-79-2006
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