Money Counts: Young Adults And Financial Literacy

With Technology, Out-Budgeting Baby Boomers()  

Mobile apps are one mechanism helping the tech-savvy to manage their finances.

May 18, 2011 For their parents' generation, finances seemed relatively simple — the economy was good, money was flowing. Today's youth, though, live in a tougher economic climate, so many are learning to budget better and earlier. And new technologies — from home software to mobile apps — are advancing their money smarts.

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On Morning EditionPlaylist

Sites That Help Track Your Spending, And Saving()  

Personal finance websites allow their users to track even small expenses — such as coffee-shop visits — and set savings goals, like paying for a long vacation.

May 18, 2011 One of the benefits of the online services, a personal finance expert says, is to help users save toward a goal — like buying a house, or taking a long vacation.

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From Monkey Bars To The Money Playground()  

Kate Haynes (left) and Samantha Jensen watch the stock tickers and debate what to select for their investments while participating in Junior Achievement's Finance Park program in Fairfax County, Va.

May 17, 2011 At Finance Park, eighth-graders are playing grown-ups — for class credit. The park is a real world mock-up where schools bring kids to learn financial literacy. The teens shop for groceries, buy cars at the dealership, even pick cable plans at a faux Verizon Store — all while trying to stay on a budget.

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Financial Lessons Learned: Save Up, Set A Budget()  

Stephanie Downs says she learned the importance of being financially independent.

May 17, 2011 A request on NPR's Facebook page asking people to share the most valuable financial lessons of their youth brought more than 1,400 responses. Many wrote about the importance of saving money starting at an early age. Others talked about avoiding debt — especially credit card debt.

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College Students Navigate Financial Life()  

Brandon Smith is graduating from Columbia College in Chicago. He works part time at a sandwich shop downtown. Smith's college loans total $98,000, and he expects them to go higher.

May 16, 2011 For many high school and college seniors, graduation is a time of new beginnings and harsh realities. Their thoughts are turning to money — for tuition, rent and credit cards. The choices they make now about debt and finances could be with them for years to come.

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College Student Debt Grows. Is It Worth It?()  

Americans now owe more on student loans than they do on credit card debt. Estimates show students graduating this year with about $27,000 in debt.

May 16, 2011 The amount of money Americans owe on student loans recently exceeded the nation's credit card debt. That may lead one to ask: Is it smart to borrow a lot of money to go to college? Student financial aid expert Mark Kantrowitz says college debt is OK — if you're careful.

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Money Counts: A Series For The Financially Young()  

May 15, 2011 This week on Morning Edition, NPR will be airing Money Counts: Young Adults And Financial Literacy, a five-day series examining the relationship between young people and their finances.

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Calculate How Your Savings Can Grow()  

Savings calculator

May 13, 2011 A steady savings plan can produce dramatic results. If you put aside $100 a month starting at age 20 and keep at it, you'll accumulate more than $114,000 by the time you're 65. That assumes a 3 percent interest rate. If you sock away $250 a month and rates go up to 5 percent, you'll end up with more than $500,000. Plug your own numbers into this calculator.

Summary

Money Quiz: Test Your Financial Know-How()  

Money puzzle

May 13, 2011 We live in a world of credit cards, IRAs and net worth calculations. How much do you know about making your money work for you? Answer a dozen questions and test your financial literacy.

Summary

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