Resources aligned with the “Spending” standard from the National Standards in K-12 Personal Finance Education.
A budget is a plan for spending your income on the things you need and want. Smart spending means weighing price, quality, and payment method, while staying aware of how peers and advertising sway your choices.
Coupon vs Yield of a Bond for Kids and Teens This video performs a coupon vs yield comparison for bonds in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about the differences between coupon rate and yield of a bond, or used as a money …
Howdy Wall St. Willy! Sometime ago I heard about a Money Order, but what is money order anyway? A money order is a payment ordered for a specific amount of money. Funds are prepaid to the issuer by the person buying the money order. Well, why do I need a money order? A seller may insist …
Introduction to Coupon Rate for Kids and Teens This video explains the concept of coupon rate in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about coupon, or used as a money & personal finance resource by parents and teachers as part of a Financial …
Howdy Wall St. Willy! When we talked about investing in stocks, you talked about diversifying among large cap, mid cap and small cap stocks. But, is there any other way of diversifying while investing in stocks? That’s a great question, Sooper Cooper! Another great way to diversify is to invest in different sectors. Sectors?? I …
Howdy Wall St. Willy! My friend went to get a mortgage to buy a house but the bank that was lending the money to him asked for a down payment. So, what is a down payment anyway? A down payment is money that you pay upfront when you take a loan. For example, you usually …
Introduction to Inflation for Kids and Teens This video explains the concept of inflation in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about it, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course …
Howdy Wall St. Willy! All this Halloween spooky stuff is making me think about death. So, what will happen to all of my stuff if I die? Well, you can always have a will. What is a will? A will is a document that your write which states all the people who will get your …
I’ve read that because of Coronavirus, people are getting stimulus checks. But what is a stimulus check? Since many people have lost their jobs because of the Coronavirus lockdown, people can use some financial help to cope with their loss of income. Under the CARES Act, the US federal government is providing financial help called …
Introduction to Assets and Liabilities for Kids and Teens This video explains the concept of assets and liabilities in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about assets & liabilities, or used as a money & personal finance resource by parents and teachers as …
Recently, I read about identity theft. But what exactly is identity theft? Identity theft or ID theft is when someone steals your personal or financial information and uses it to commit fraud, in your name. What kind or fraud? Why is identity theft so bad? ID theft can have a huge financial impact, since …