Resources aligned with the “Saving” standard from the National Standards in K-12 Personal Finance Education.
Saving means setting aside part of your income for emergencies and future purchases. Money you’ll need soon usually sits in low-risk, insured bank accounts, where interest helps your savings grow faster through compounding.
When people compare a Roth IRA and Traditional IRA, they often focus on one thing: “Which one gives me the bigger tax break?” But that’s only part of the story. The account you choose can affect your taxes today, your retirement income, and even how much of your Social Security may be taxable later. Here’s …
Interactive Learning Experience: The Bare-Bones Builder Every monthly expense starts in one pile at the top. Drag each one into Survival or Nice-to-have (editing the amounts to match your own life if you want), and two emergency fund targets grow side by side. One is the number most people calculate from their whole budget, and …
Life has a way of throwing unexpected expenses at us: a car repair, a medical bill, or even the loss of a paycheck. The question isn’t whether surprises will happen. It’s whether your finances are prepared when they do. Here, I explain what an emergency fund is, how to decide how much you really need, …
A new government-backed investment account is now available for many children, starting with a $1,000 contribution. At first glance, it sounds like an easy win for families. But as with many financial products, the details matter. Here, I explain who qualifies for a Trump Account, how the account works, tax rules that many parents don’t …
There’s no shortage of investing advice online: Buy index funds, invest early, stay consistent. But very few people talk about when each financial decision should come first. Getting the sequence right can be just as important as choosing the right investments. Here, I share a practical roadmap inspired by concepts I learned while preparing for …
One of the best employee benefits available is also one of the most misunderstood. Many people know they should contribute to a 401k, but very few understand all the rules that determine how much free money they receive – and whether they actually get to keep it. Missing one small detail could have consequences years …
Bank A bank is a type of financial institution that gives loans and accepts deposits. Banks also issue checks, debit cards and credit cards, and give mortgages & other types of loans. For more information, check out: What is a Bank? A Simple Explanation for Kids, Teens and Beginners Bank Account When you want to …
A Roth IRA vs Traditional IRA Comparison for Kids and Teens This video performs a Roth IRA vs Traditional IRA comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about Roth IRAs and Traditional IRAs, or used as a money & personal finance resource …
Part 1: What is a Traditional IRA, How Does it Work, Can Kids Have an IRA, What is a ROTH Conversion Part 2: Advantages of a Traditional IRA, Who Should Invest in an IRA Part 3: Restrictions on Contributions to a Traditional IRA, Other Disadvantages of an IRA Introduction to a Traditional IRA for Kids …
Part 1: What is a Roth IRA, How Does it Work, Can Kids have a Roth IRA Part 2: Advantages of Investing in a Roth IRA, Is a Roth IRA Right for Everyone Part 3: Disadvantages of Investing in a Roth IRA, Restrictions on Roth IRA Contributions and Withdrawals Introduction to a Roth IRA for …
