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Everyone needs to know how to manage money wisely, because having adequate money is a factor in being able to achieve most of life's goals. A recent survey conducted by Americans for Consumer Education and Competition found that only 35% of the students surveyed have regular family discussions about money. However, studies continue to confirm the most common source of influence and information about money for children comes from the adults who raise them. Kids need to learn the fundamentals of money management so they will be able to make educated decisions themselves.
A big money decision kids and parents need to make is about attending college. Going to college does pay off in the long run. On average, a person with an undergraduate degree currently earns almost twice as much as a person with only a high school diploma. However, the thought of paying for college can seem daunting. Learning about key funding vehicles, essential financial aid information and important investment strategies can equip both kids and parents with the knowledge to make more informed decisions.
This content module will help you raise money smart kids and more effectively plan and fund college education goals. Select from the topics listed at the left.
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