Is there a young investor in your
household? Can you convince your teen or young child to start saving
money now for retirement?
There are a few avenues to entice them into a consistent savings program:
USAA.com
- Anyone can invest in USAA plans. One designed for young investors
requires a $250 minimal investment and $20 each month. Call
1-800-322-5482 to get started.
Upromise
offers a type of semi-free lunch program to help you finance your
child's college education. The method is similar to airline frequent
flyer programs with member merchants and companies contributing credits
to your personal saving for college account when you use services or
purchase products. Site registration is free.
Clark cannot find the downside of the plan, unless you
will end up spending more with member merchants than you would
elsewhere just to get the account contribution. You need to look at the
site as a win-win and shop wisely to receive the ultimate benefit.
Tuitionpay.com
offers an interest-free 10-month tuition repayment plan for a $50
annual fee. Clark suggests that you talk with your son or daughter
about attending a 2-year community college program and taking an
additional 3 years to complete the remaining two years while working
part-time. Attending a community college just about cuts the cost of a
4-year degree in half. Stretching out the remaining two years to work
will also provide savings benefits. Another way to save is to complete
a 4-year degree in just three years.
Computer Safety for Kids
Children are getting increasingly tech-savvy at younger and younger ages. But with all that knowledge comes increased risk. So the researchers at Carnegie Mellon University have devised a fun and free online game for kids that educates them about the dangers of phishing scams. Meet Anti-Phishing Phil!
Children are getting increasingly tech-savvy at younger and younger ages. But with all that knowledge comes increased risk. So the researchers at Carnegie Mellon University have devised a