Helping Teens Get Good Grades in Money Management:
A How-To Guide from the FDIC
For teens, saving money may not be as much fun as spending it, but putting dollars aside for their future and learning how to be smart
consumers are still important things to do. Teens have access to more money than ever before thanks to allowances, gifts and, for many,
income from jobs. Teens also are becoming more responsible for making decisions about everything from small, everyday purchases to
saving for college or a car. That's why the latest issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, is a
special guide to help teens (and many pre-teens) learn how to make good decisions about their money, right from the start.
The publication, entitled "Start Smart: Money Management for Teens," features simple, real-world guidance for teens on how to:
Save more money;
Decide where to keep their money;
Spend money wisely;
Borrow money responsibly; and
Protect against identity theft.
The guide for teens can be read or printed online at www.fdic.gov/consumers/consumer/news/cnsum06. There also is an online form for
ordering up to two free copies.
The FDIC also is encouraging financial institutions, schools, consumer organizations and the media to reprint the new guide for teens in whole
or in part and to link to or mention the FDIC Web site. See the Web site above for more details.
The goal of the quarterly FDIC Consumer News (which is primarily for adults) is to deliver timely, reliable and innovative
tips and information on financial matters, free of charge. Current and past issues are online at www.fdic.gov/consumernews.
Please forward this e-mail to anyone else you think would be interested in reading FDIC Consumer News. Others wishing to subscribe to this
free online delivery service should follow instructions posted on the FDIC Web site at www.fdic.gov/about/subscriptions/index.html.
FDIC News
This is from the Federal Trade Commission’s online newsletter: the Penn Corner. For more reliable consumer news go to:
http://www.ftc.gov/bcp/edu/pubs/newsletters/penncorner/2011/penncorner-dec2011.html
Fair and Share
Facebook has agreed to settle FTC charges that it deceived its users — telling them they could keep information on Facebook private, and then
repeatedly allowing it to be shared and made public. According to the FTC’s complaint, the social networking behemoth allegedly made promises it
didn’t keep, like changing its website to make information public that may have been designated as private — like a Friends List — without warning
users. Or telling people they could restrict sharing to “Friends Only" when that didn’t prevent their information from being shared with third-party
applications their friends used. Under the settlement, Facebook must get approval from users before it changes the way it shares their data, and
submit to periodic independent audits of its privacy practices for the next 20 years.