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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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