Related Consumer Finance Programs - The following sub-directories of companies offer a wide variety of financial programs to assist you with the management of your finances. Consolidate debt with a consolidation loan or use a debt counseling service or mortgage refinance for help with the consolidation of your charge card debt and other monthly payments.
- Debt Consolidation Help - If you have a large amount of credit card and other debts, now may be a good time to consolidate your debt and lower your payments.
- Personal Loan Rates - Need a smaller loan? Personal loans are most often unsecured. That means you do not have to secure them with personal assets in order to do a debt consolidation. This type of financing is typically based upon your credit history and your ability to make your payments.
- Debt Management Counseling - Too many credit bills for you to handle with your budget? Compare different programs and find the one that is the right match for your individual situation.
Start Smart: Money Management for Teens
How to save, spend and protect your cash
Introduction
Saving money may not be as much fun as spending money, but it's still important to do. When you save your money, you can use it later to buy fun things (DVDs, video games, clothes) as well as pay for serious things like college or a car. FDIC Consumer News, published by the Federal Deposit Insurance Corporation, has produced this guide to help teens get good grades in money management.
Why is the FDIC, a government agency best known for protecting bank accounts, publishing a money guide for teens? It's because consumer education is a big part of what the FDIC does to protect the public.
We know that the more people understand how to save and manage money, the more likely they are to make smart decisions that affect their finances and their future.
Although the FDIC's financial education programs are mostly for adults, this special guide will help you learn how to make good decisions about your money, right from the start.
Teens have access to more money than ever before, thanks to allowances and gifts and, for many, income from chores, summer jobs or part-time jobs. Teens also are becoming more responsible for handling money and making decisions—for everything from small, everyday purchases to bigger-ticket items (such as a bike or a camera) to saving for college.
"This guide wouldn't be necessary if money really did grow on trees or if The Bank of Mom and Dad was open 24 hours a day and offered unlimited withdrawals, but this is the real world," said Paul Horwitz, an FDIC Community Affairs Specialist.
- In this guide you'll find tips and information on how to:
- Save and earn money;
- Decide where to keep your money;
- Spend money wisely;
- Borrow money;
- Protect against identity theft;
- Be charitable; and
- Get more help about money matters from government agencies, banks, businesses, professional associations, schools, parents and other sources.
- There's also a quiz that you can take to find out how much you know about saving and managing your money.
There's also a quiz that you can take to find out how much you know about saving and managing your money.
If you consistently make smart decisions about your money, you can have more of it for what you truly need. We hope one of your first decisions will be to read our guide.
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
FDIC Consumer News is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC or other government regulations and policies. Mention of a product, service or company does not constitute an endorsement.
Find current and past issues of FDIC Consumer News at http://www.fdic.gov/consumernews. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.
To receive an e-mail notice about each new issue of FDIC Consumer News posted on the FDIC Web site, with links to stories, follow instructions posted at www.fdic.gov/about/subscriptions/index.html.
Last updated on 8/18/2006