Thursday, November 11, 2010

Three Financial Terms Kids Need to Know


Now that we have a baby, my husband and I talk about what we want to teach her about money. Some of the important lessons, in our eyes, include being a "saver" rather than a "spender" and starting to save early in life, not trading individual stocks (using index funds instead), taking advantage of company matching dollars, and paying off your credit card every month. A recent column in the Wall Street Journal illustrated what one dad wants to teach his kids- Direct deposit, dollar-cost averaging, and index mutual funds. Some important topics.

Three Financial Terms Kids Need to Know

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