The 2003 Teenpreneur money guide: the best online resources and organizations for financial literacy, what they have to offer, and how you can tap into them.
Bank Jr.www.bankjr.com
How much money is there in the whole world? It's hard to tell, says "Ask Mark" of Bank Jr.com. He does say that the gross world product--which is the total of every country's wealth--was a whopping $47 trillion dollars in 2001! Find out other intriguing answers to your money questions on Time Warp, and travel to the 1100s to learn about how the banking industry made a comeback during the Crusades. You'll even find fun facts about currency. Did you know that India's money is called the rupee? And that India is the world's largest English-speaking country? This site is definitely a trip worth taking.
Zions Bancorporation
1 South Main St.
Salt Lake City, UT 84111
801-524-4787
Banking on Our Future
www.bankingonourfuture.org
Banking on Our Future is a youth literacy program launched by Operation Hope Inc., an African American-run organization. Designed for young people, ages 10-20, this site shows you how to make your money go further. Check out the sections on savings, checking, and investments, and try your hand at Internet banking and using an ATM, There's even a section that provides definitions of tricky financial terms. From grade school to high school, learn where money comes from, how to save, and the power of credit.
Operation Hope Inc.
707 Wilshire Blvd., Suite 3030
Los Angeles, CA 90017
213-891-2900
FleetKids
www.fleetkids.com
The best thing about this site is the success stories--like the pet photographer who made $500 dollars in three weeks by taking pictures of dogs. The Fleet Kids help you hone your money sense by giving you the scoop on running your business, investing, and watching your dollars grow. And money games like Chunka Change and MoneyMatic, a system that helps you budget your money, will help you become financially savvy.
FleetBoston Financial Corp.
100 Federal St.
Boston, MA 02110
617-434-2200
U.S. Treasury for Kids
www.treas.gov/kids
This site is the government's way of educating you about our monetary system. U.S. Treasury for Kids has great information on the history of coins, engraving, and savings bonds. While surfing you'll find lots more fun facts. Did you know that President Franklin D. Roosevelt placed the first order for a $500 Series E Savings Bond in a radio broadcast on April 30, 1941? Don't keep this information to yourself: Hip your teachers to Money Math, a curriculum for 6th to 8th graders.
Treasury Department
1500 Pennsylvania Ave., N.W.
Washington, D.C. 20220
202-622-2143
Jump$tart Coalition for Personal Financial Literacy
www.jumpstartcoalition.org
Jump$tart Coalition for Personal Financial Literacy wants to make you money smart! Founded in 1995, the program offers 12 principles that every young person should know, such as how to budget your money, how to start saving early, and how to avoid borrowing money you can't repay. Your teacher will receive lesson plans that teach students the basics of financial literacy. Jump$tart also offers a quarterly newsletter on personal finance basics that includes topics such as money management and how to use credit cards.
Jump$tart Coalition for Personal Financial Literacy
919 18th St. N.W., Suite 300
Washington, D.C. 20006
888-45-EDUCATE
National Council on Economic Education
www.ncee.net/ea/program.php?pid=8
Financial Fitness for Life, a program sponsored by the National Council on Economic Education, helps students apply economics and decision-making skills to the real world of earning and spending. You'll learn about earning an income, building savings, using credit, investing, and managing money. This comprehensive K-12 program, sponsored by the Bank of America Foundation, offers teacher resource manuals, student workbooks, parent guides, interactive activities, and a CD-ROM.
National Council on Economic Education
1140 Avenue of the Americas
New York, NY 10036
800-338-1192
Office of Banks and Real Estate
www.obre.state.il.us/FinancialLit/Kids/K-Index.htm
Moneyman's mission is to teach you about banking and money! Hop on for a ride with Lois Loan, Credit the dog, and Moneyman as they take you on an adventure through the galaxy of dollars and cents. You'll find out about cold-hard cash, notes, and currency. The trio will also stop along the way to pick up tips on making a money promise with a check and planning now for what you want to buy later.
Office of Banks and Real Estate
500 E. Monroe St.
Springfield, IL 62701
217-785-2903
FED 101
www.kc.frb.org/fed101/indexflash.cfm
This is your homeroom for Federal Reserve facts. The Fed is best known for its role in making and carrying out the country's monetary policy--that is, for influencing money and credit conditions in the economy. Ever hear your mom or dad talk about how the interest rate just went down by 25 basis points? Well, that's the job of the Fed, or more specifically, the Federal Open Market Committee. Its goal is to promote high employment, sustainable growth, and stable prices. For more interesting Fed facts, check out their site today!
Federal Reserve Bank of Kansas City
925 Grand Blvd.
Kansas City, MO 64198
816-881-2754
Institute of Consumer Financial Education
www.financial-education-icfe.org
The Institute of Consumer Financial Education's Children and Money section will show you how to keep your expenses tight--and test whether your spending habits need some taming. For instance, the site provides a Credit Risk Profile for Youths to help you determine whether or not you're ready to pull out the plastic for purchases, as well as the "10 Commandments of Personal Finance," which give you great advice on how to handle money responsibly. Parents and grandparents will also find useful resources.
Institute of Consumer Financial Education
P.O. Box 34070
San Diego, CA 92163
619-239-1401
Practical Money Skills for Life
www.practicalmoneyskills.com/english/resources/about
Practical Money Skills for Life is Visa's financial literacy program. Log on to play Road Trip to Savings and Countdown to Retirement. You can also figure out how much you need to save for college, how to become a millionaire, and learn about the importance of budgeting your cash. Your teacher can get free classroom stuff on personal finance, including worksheets, quizzes, and interactive brain teasers.
Practical Money Skills for Life
P.O. Box 194607
San Francisco, CA 94119
800-VISA-511
National Endowment for Financial Education
www.nefe.org
The National Endowment for Financial Education is a six-unit program that helps teens manage their personal finances through goal setting, budgeting, and saving. The program uses all types of games, simulations, and interactive exercises that focus on the financial planning process, showing you how to take control of your finances now! The NEFE High School Financial Planning Program is for 9th to 12th graders, but the organizations mission is to increase financial literacy among all youth.
National Endowment for Financial Education
5299 DTC Blvd., Suite 1300
Greenwood Village, CO 80111
303-741-6333
IRS Tax Interactive
www.irs.gov/individuals/page/0,,id=15583,00.html
IRS Tax Interactive is a great site for the business-minded teen. Miss Kiki Shmooz and Mr. Ricky Rightnow will school you about rockin' your business plan, getting that notion in motion, and understanding taxes, taxes, taxes! There's also a teachers' toolkit that helps educators weave a variety of tax lessons into their plans.
IRS Tax Interactive
1111 Constitution Ave., Boom 7032
Washington, D.C. 20224
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| Title Annotation: | ready, set, start |
|---|---|
| Author: | Sykes, Tanisha A. |
| Publication: | Black Enterprise |
| Geographic Code: | 1USA |
| Date: | Sep 1, 2003 |
| Words: | 1219 |
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