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Make Learning About Money Fun for Kids

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By Kids.gov

While Financial Capability Month reminds us all that we could do a little bit more to be in charge of our finances, it is also a good time to talk to your kids about how they too can begin to understand finances and how it affects your family.

Kids.gov has smart money sections for kids of all ages, and tips for parents and teachers on how to teach kids about understanding money.

Useful tips include:

  • Get your kids to write down where they spend their money or allowance so they can see how it adds up

  • Talk to your kids about “used” versus “new” and how borrowing a book from the library, or a game from a friend, is smarter than buying something new every time

  • Teach your kids to take good care of their games, books, DVDs and other purchases because it costs money to replace these items

Kids.gov also has a series of comic strips to teach younger and older children about how they can help their parents save money. Children can follow along in a fun and engaging way to learn simple tips such as turning off lights or helping clip coupons to help save money in the long run.

Do your kids prefer learning with games? Have them play money games online to learn more about money. Games such as the U.S. Mint’s Dollar Dive, where kids have to go diving for coins to add more sails to their ship in order to escape a sea monster, help kids understand more about money.

Find more money games.

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From the Peace Corps:

Earlier this year, five Peace Corps Volunteers from the central highlands region of Madagascar gathered in the nation’s capital of Antananarivo to facilitate a weeklong GLOW (Girls Leading Our World) camp for young female leaders from their respective towns. The five Agriculture Volunteers selected four young women each from their respective communities, ages of 13-16, along with an adult chaperone to attend the camp. The aim was to equip young Malagasy women, who show potential for leadership, with the necessary skills to make healthy life choices as well as advance their personal, professional and academic goals.

Secure your child’s education with a 529 Plan

When they’re young, children dream about becoming doctors, artists, teachers, veterinarians, and many other things. But in order for those dreams to come true and for kids to actually become professionals, it’s important for them to attend and finish college.

A good college education can lead to that dream career. Though it’s a major investment, there are flexible payment plans that can help.

529 Plans

Known as the “College Savings Plan,” 529 Plans let you start investing early for your children’s future college career. These plans are generally sponsored by the state, state agencies or educational institutions.

There are two types of 529 Plans:

1. Prepaid tuition plans. Also called “guaranteed savings plans” in some states, this plan locks in future tuition rates at public institutions. Some private universities also offer similar plans.

2. College savings plan. This one is similar to a 401K retirement account, but the money you invest is only used to pay for your child’s education. You can choose the amount (free of taxes) to be deducted from each paycheck. The amount saved will be used to pay for college when the time comes, or it can be used for related expenses, such as housing, books or school supplies. 

To open a 529 Plan, contact your state’s program administrator.

Benefits

Depending on your choice, your 529 Plan will let you:

  • Select a plan regardless of your income or age of your children.
  • Transfer your plan from one state to another. You can use this online tool to compare state plans.
  • Have control of your money and manage it the way you want.
  • Allow anyone to contribute to the savings plan, whether it’s a family member or friend.
  • Transfer your plan to help someone else pay for school.

529 Plans are tax-free, as long as the money is used to pay for college. If, for any reason, you decide to use the savings for something else, you can withdraw the money as long as you pay the taxes due.

Resources

Use the College Savings Calculator to figure out the amount you must invest each month to cover all your child’s educational costs. The budget calculator will help you compare school expenses against your income and financial aid.

Read this post in Spanish.

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From the Peace Corps:

A Peace Corps Volunteer helps build a library for her community in Cambodia

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From the National Archives:


"Stay off gobbledygook language."

Seventy years ago, there just wasn’t a suitable term for those brain-scalding, rage-inducing concoctions of grammar and syntax masquerading as language. Well, Mr. Maury Maverick came up with one:
"Gobbledygook."
Here is his memorandum to the staff of the federal agency he headed, the Smaller War Plants Corporation; the first known usage of this faintly exotic, yet viciously accurate, addition to the English language.  

Memorandum from Maury Maverick to Everybody in Smaller War Plants Corporation. 3/24/1944
From the series: Field Letters and Memoranda, 1943 - 1945. Records of the Smaller War Plants Corporation, 1940 - 1948

(Today’s post comes via Alan Walker, an archivist in Research Services at the National Archives in College Park, Maryland.)
These days Mr. Maverick would just be seen as a rather outspoken proponent of what we in the government call “plain language.”
Maybe you call it “jargon,”  ”legalese,” or  ”doublespeak” —  what’s your favorite term for “Gobbledygook”?

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From the National Archives:

"Stay off gobbledygook language."

Seventy years ago, there just wasn’t a suitable term for those brain-scalding, rage-inducing concoctions of grammar and syntax masquerading as language. Well, Mr. Maury Maverick came up with one:

"Gobbledygook."

Here is his memorandum to the staff of the federal agency he headed, the Smaller War Plants Corporation; the first known usage of this faintly exotic, yet viciously accurate, addition to the English language.  

Memorandum from Maury Maverick to Everybody in Smaller War Plants Corporation. 3/24/1944

From the series: Field Letters and Memoranda, 1943 - 1945. Records of the Smaller War Plants Corporation, 1940 - 1948

(Today’s post comes via Alan Walker, an archivist in Research Services at the National Archives in College Park, Maryland.)

These days Mr. Maverick would just be seen as a rather outspoken proponent of what we in the government call “plain language.

Maybe you call it “jargon,”  ”legalese,” or  ”doublespeak” —  what’s your favorite term for “Gobbledygook”?