Compound interest is essentially interest on interest. In simpler terms, it’s the interest you earn on the initial amount you invest, plus the interest you earn on the interest you’ve already accumulated. This means that over time, your interest earnings grow and compound on themselves, leading to a larger return on your initial investment. Let’s…
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Teaching children about financial literacy not only equips them with essential life skills but also instills in them a sense of responsibility and empowerment when it comes to managing money. By introducing concepts like budgeting, saving, and investing at a young age, we are setting them up for a future where they can make informed…
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Navigating the world of credit cards can be a daunting task for teens. However, it’s an idea they must comprehend to navigate life and establish a solid financial future. In this guide, we hope to demystify the world of credit cards for teens. We’ll provide an action plan for teens to learn to use…
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As teachers, we have the wonderful opportunity to equip our students with essential life skills. One fundamental lesson that can have a lasting impact is understanding the difference between wants and needs. This knowledge helps students make smart financial decisions and navigate life’s many choices. Here’s a guide for introducing this topic to your students…
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Teaching is hard, life changing work. But the right tools can make that work a little easier, and a little more fun for educators as well as students. We’ve created a blog with classroom strategies and suggestions for educators looking to build their skills in teaching financial and economic education to kids. In these blog…
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