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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Friday, July 07, 2006

Teaching Your Children about Personal Finance

You might never think about it, but one of the most important lessons of a child's life can be to teach tem about personal finance. Just like any other behavior, if you teach children when they are young about how to handle money they will be ahead of the game when they are on their own. One huge reason credit card companies prey on college students is because their ignorance on credit cards and debt. If you teach your child the importance of saving and even saving for retirement they will lbe better off. It should be a mandatory class taught in school because debt is becoming a worse and worse problem in the United States every year.

The following are great subjects to begin the life-long learn curve on personal finance.
  • Money
  • Savings
  • Investments
  • Retirement
  • Credit
You might think your children are too young, but as long as they can understand the concepts you show have a lesson plan for them to learn about personal finance.


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