Cash and Credit Information for Teens : Tips for a Successful Financial Life : Including Facts About Earning Money, Paying Taxes, Budgeting, Banking, Shopping, Using Credit, and Avoiding Financial Pitfalls

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Overview

Today's young people face an economic world that demands more so-phisticated skills than ever before. Compared with previous generations, they have easier access to credit, greater personal responsibility for managing retirement investments, and a wider variety of banking options. Computer technologies offer opportunities their grandparents couldn't have imagined, but the opportunities introduce new risks, including hightech scams, loss of privacy, and identify theft. The stakes are high, but according to surveys of financial literacy, students may not be ready for the challenge. Omnigraphics' Teen Finance Series was developed to help students understand basic economic principles and ...

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Overview

Today's young people face an economic world that demands more so-phisticated skills than ever before. Compared with previous generations, they have easier access to credit, greater personal responsibility for managing retirement investments, and a wider variety of banking options. Computer technologies offer opportunities their grandparents couldn't have imagined, but the opportunities introduce new risks, including hightech scams, loss of privacy, and identify theft. The stakes are high, but according to surveys of financial literacy, students may not be ready for the challenge. Omnigraphics' Teen Finance Series was developed to help students understand basic economic principles and learn how these principles apply to their own financial circumstances. Each volume presents a topic selected to help middle school and high school students and their parents develop the foundations necessary for making fiscal decisions, both now and in the future.

Cash and Credit Information for Teens, Second Edition

According to a recent survey of teen attitudes about money conducted by the Charles Schwab Corporation, most teens want to learn about budgeting, saving, avoiding debt, and achieving financial independence. Efforts to reach these goals are often thwarted, however, because young adults are unfamiliar with the tools used in money management and they lack hands-on experience. Fewer than one in four teens reported knowing how to use a credit card responsibly, only one in three understood the financial decisions made by their parents, and a mere 14 percent reported any in-volvement in the process of bill paying or other tasks related to managing their family's household finances.

Cashand Credit Information For Teens, Second Edition provides an updated look at how teens can earn and manage money. It provides practical information about receiving income, paying taxes, and budgeting. It also discusses choosing appropriate banking services, managing a checking account, using credit and debit cards, making informed shopping decisions, and borrowing money for education or major purchases. A section on avoiding financial pitfalls provides facts about debt-related problems, identity theft, and common financial scams. The book concludes with a list of online money management tools and a directory of resources for additional information.

Product Details

  • ISBN-13: 9780780810655
  • Publisher: Omnigraphics, Incorporated
  • Publication date: 5/30/2009
  • Edition number: 2
  • Pages: 424
  • Sales rank: 1,074,567
  • Age range: 14 - 17 Years
  • Series: Teen Finance Series
  • Product dimensions: 6.20 (w) x 9.20 (h) x 1.30 (d)

Table of Contents

Preface ix

Part 1 Earning Money

Chapter 1 Facts About The Money In Your Wallet 3

Chapter 2 Do You Get An Allowance? 19

Chapter 3 Jobs For Teens 23

Chapter 4 Finding A Summer Job Or Intership 31

Chapter 5 Want To Be Your Own Boss? 37

Chapter 6 Tax Information For Students 51

Part 2 Managing Your Money

Chapter 7 Making Your Money Grow 67

Chapter 8 Preparing A Budget 77

Chapter 9 Banking Basics 85

Chapter 10 Electronic Banking 93

Chapter 11 Avoiding Costly Banking Mistakes 101

Chapter 12 Managing Your Savings Account 113

Chapter 13 What You Should Know About Checking Accounts 121

Chapter 14 Insurance: Protecting Your Assets 145

Chapter 15 Another Good Use Of Your Money: Helping Others 153

Part 3 Being A Savvy Consumer

Chapter 16 Shopping And Impulse Buying 165

Chapter 17 It's On Sale, But Is It A Good Deal? 171

Chapter 18 Online Shopping: A Guide For E-Consumers 179

Chapter 19 Payment Options For Purchases 183

Chapter 20 Facts For Consumers: How To Right A Wrong 191

Chapter 21 What You Should Know About Warranties And Service Contracts 201

Chapter 22 Shopping For A Cell Phone Plan 215

Chapter 23 Buying A Computer 221

Chapter 24 Buying Jewelry 229

Chapter 25 Buying Your First Car 237

Chapter 26 CD, Book, And Video Buying Clubs 243

Part 4 Using Credit And Credit Cards

Chapter 27 What You Need To Know About Credit 253

Chapter 28 Borrowing Basics 273

Chapter 29 Choosing A Credit Card 283

Chapter 30 Other Plastic: Debit Cards, Prepaid Cards, Gift Cards, And More 295

Chapter 31 Installment Loans 301

Chapter 32 Car Loans 305

Chapter 33 Education Loans 309

Part 5 Avoiding Financial Pitfalls

Chapter 34Avoid Out-Of-Control Debt 321

Chapter 35 Watch Out For Predatory Lending Practices 329

Chapter 36 If Your Credit, ATM, Or Debit Cards Are Lost Or Stolen 337

Chapter 37 Identity Theft And Identity Fraud 341

Chapter 38 Con Artists Want Your Money: Avoid These Scams And Schemes 351

Chapter 39 Avoid Modeling Scams 373

Chapter 40 Travel Fraud: Avoiding A Spring Break Bust 377

Chapter 41 Gambling: Don't Bet On Winning 385

Part 6 If You Need More Information

Chapter 42 Online Money Management Tools 391

Chapter 43 Resources For Financial Information 397

Index 409

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