A financial education resource designed just for parents

It is never too early to teach your children about the importance of financial responsibility.

Talking with children about saving and spending wisely is so important, but many adults donít know where to start. We have created some fun resources to help you start having money conversations with your kids.

A Financial Literacy program for parents
Test your Money Smarts by taking our financial literacy quiz.
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  • 1. Which is more likely: winning the lottery or having quadruplets?

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  • 2. Congrats! You just turned 22, graduated college, and got your first job. You understand the power of compounding and decide to save for retirement by investing $166.66 a month. If your investment provides an average rate of return of 7%, how much could you potentially have when you turn 65?

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  • 3. What's the best way to make sure you retire in style?

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  • 4. What's the best way to live like a millionaire?

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    1. Which is more likely: winning the lottery or having quadruplets?

    • Winning the lottery
    • Having quadruplets

    Answer: b. Youíve got a better chance of having four bundles of joy! Winning the lottery is a long shot. The truth is: saving is the way to financial success.

    2. Congrats! You just turned 22, graduated college, and got your first job. You understand the power of compounding and decide to save for retirement by investing $166.66 a month. If your investment provides an average rate of return of 8%, how much could you potentially have when you turn 65?

    • More than $86,000
    • More than $172,000
    • More than $300,000
    • More than $700,000

    Answer: d. $700,000. Thanks to the power of compounding, your money earns money and then that money earns money, etc.

    3. What's the best way to make sure you retire in style?

    • Hope you inherit a million dollars.
    • Save regularly and invest wisely.
    • Buy a lottery ticket every day.
    • Bet it all on one stock!

    Answer: b. Save regularly and invest wisely. The earlier you start, the better. Through compounding, any earnings on your investments can help you work toward your goals.

    4. What's the best way to live like a millionaire?

    • Dress the part. If you look like a million bucks, you'll make it!
    • Buy a flashy sports car.
    • Save your money; don't spend it.
    • Wait to inherit a million dollars.

    Answer: c. Be smart and save! Fancy clothes and fast cars might make you look rich, but spending wisely and saving your hard-earned dollars is the best way to achieve your financial goals.

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Engage kids in important money conversations using helpful hints and fun teaching tools. Basic financial concepts are more fun to learn while playing games and doing activities.