Institute of Consumer Financial Education - Children and Money

Children and Money Categories

[ Up ] [ 10 Commandments Of Personal Finance ] [ 18 Ways To Teach Children or Grandchildren The Value of Money ] [ Allowances? . . or Work? . . or Both? ] [ Are Your Children Getting Hooked On Credit? ] [ Credit Risk Profile For Youth ] [ How To Develop Improve Spending Habits ] [ No On Charge Cards For Young Teens! ] [ Credit Risk Profile For Young People ]

ICFE Provides Financial Education, Continuing Education Credits, CEUs, CEs, Free Credit Repair, Bankruptcy Education and Financial Planning for All Age Groups.

10 Commandments of Personal Finance For Young People

1) Manage your expenses so they don't exceed your income.

2) Spend money thinking of your future as well as your present.

3) Begin saving early to take advantage of compound interest.

4) Avoid collecting credit cards and using them for borrowing.

5) Always honor your debts and other financial obligations.

6) Project your income and expenses for the next 12 months and track variances.

7) Focus on the relationship between the risk and projected return of investments.

8) Maintain organized records for tax and general financial planning purposes.

9) Have a plan and a purpose for your investing.

10) Obtain a financial education to be in a position to make intelligent financial decisions.

10 Commandments of Personal Finance For Young People

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