3 - 5 Years
- You need money to buy things.
- You earn money by working.
- You may have to wait before you can buy something you want.
- There's a difference between things you want and things you need.
6 - 10 Years
- You need to make choices about how to spend your money.
- It's good to shop around and compare prices before you buy.
- It can be costly and dangerous to share information online.
- Putting your money in a savings account will protect it and pay you interest.
11 - 13 Years
- You should save at least a dime for every dollar you receive.
- Entering personal information, like a bank or credit card number, online is risky because someone could steal it.
- The sooner you save, the faster your money can grow from compound interest.
- Using a credit card is like taking out a loan; if you don't pay your bill in full every month, you'll be charged interest and owe more than you originally spent.
14 - 18 Years
- When comparing colleges, make sure to consider how much each school would cost you.
- You should avoid using credit cards to buy things you can't afford to pay for with cash.
- Your first paycheck may seem smaller than expected because money is taken out for taxes.
- A great place to save and invest money you earn is in a Roth IRA.
- You should use a credit card only if you can pay off the money owed in full each month.
- You need health insurance.
- It's important to save at least three months' worth of living expenses in case of an emergency.
- When investing, consider the risks and annual expenses.