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Savings
Jay Kirschbaum writes about his experience in helping his 15 year old daughter set
up a Roth IRA. Since Mr. Kirschbaum is a tax attorney, he was able to show his daughter
a few tricks of the trade in keeping her Roth contribution tax free. Mr. Kirschbaum
also discuses other money related products that your teen might find beneficial.
Link: Saving at Fifteen
The U.S Department of Treasury has a great site that is child friendly and full
of information about savings bonds. The site has several interactive learning experiences
a and a wide variety of money related topics to help parents and teachers introduce
kids to savings bonds.
Link: Savings Bonds for Kids - U.S. Department of the Treasury, Bureau of the Public Debt
The FDIC "Learning Bank" is designed to help children learn about banking and the
history of the FDIC. There are lesson plans for teachers and coloring activities
that parents can do with their children at home. The site is a great way to help
your children realize that their money is safe in their local FDIC bank.
Link: FDIC's site for kids
People who put even a small amount of money into a savings account as often as they
can and leave it untouched for years may be amazed at how big the account grows.
Here's how you can slowly build a large savings account and experience the miracle
of compounding. Summer 2006 - Start Smart: Money Management for Teens.
Link: It's Amazing: How a Small Savings Account Can Get Big Over Time By FDIC Consumer News
Everyone can use a little guidance on how to save money. Here are some suggestions
for simple things you can do. Summer 2006 - Start Smart: Money Management for Teens
Link: Simple, Everyday Things You Can do to Save Money By FDIC Consumer News
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