ERIC Number: ED460269
Record Type: Non-Journal
Publication Date: 1998
Reference Count: N/A
Young Person's Guide to Managing Money.
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)
Descriptors: Banking, Budgeting, Consumer Education, Credit (Finance), Health Insurance, Housing, Information Sources, Money Management, Secondary Education
American Youth Policy Forum, 1836 Jefferson Place, N.W., Washington, DC 20036-2505 ($2). Web site: http://www.aypf.org; e-mail: firstname.lastname@example.org.
Publication Type: Guides - Classroom - Learner
Education Level: N/A
Authoring Institution: American Youth Policy Forum, Washington, DC.
Identifiers - Laws, Policies, & Programs: Social Security