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ERIC Number: ED460269
Record Type: Non-Journal
Publication Date: 1998
Pages: 41
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-1-887031-57-X
ISSN: N/A
Young Person's Guide to Managing Money.
Tyson, Harriet
This booklet gives young people who are just starting out on their own with a small income the information they need to manage their money. The following topics are discussed: how individuals can determine how much money they will have to live on; how to read a pay stub; Social Security and the future; the importance of putting money in the bank (advice for individuals who are "living on the edge," credit unions; advice for individuals with a little money to spare); considerations in choosing a bank ("no frills" accounts, direct deposit, automated teller machine cards, debit cards, automatic savings deposits); advice on managing savings accounts and checking accounts, establishing credit, borrowing money from banks (student loans), and health insurance; the importance of budgeting before going on a spending spree (analyzing expenses and personal spending and making and living within budgets); shopping with cash versus credit (credit costs, credit traps, shopping, annual percentage rates); steps to take when rejected for a loan (credit reports, credit repair clinics); bills and taxes; living arrangements (living with one's family, paying rent, living with roommates). Concluding the booklet are the addresses and phone numbers of six important sources of advice and help. (MN)
American Youth Policy Forum, 1836 Jefferson Place, N.W., Washington, DC 20036-2505 ($2). Web site: http://www.aypf.org; e-mail: apyf@apyf.org.
Publication Type: Guides - Classroom - Learner
Education Level: N/A
Audience: Students
Language: English
Sponsor: N/A
Authoring Institution: American Youth Policy Forum, Washington, DC.
Identifiers - Laws, Policies, & Programs: Social Security