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November 2008 Issue
Welcome to the November 2008 PracticalMoneySkills.com newsletter.


Practical Money Skills At School

Innovative Educator: Mike Feagans, Rensselaer Central High School, Rensselaer, IN

Mike Feagans' marketing students are out in the community helping Indiana business owners make environmentally sound choices with an initiative they call The Footprint Program. Student and business adoption alike may see the program go statewide, but Feagans is less focused on the broad impact than he is on the skills his students are learning in the process. Read more.

Credit 101: What's Your Score?

Ask your average college student what their credit score is and you may just get a blank stare, but students' initial forays into financial independence can impact their finances down the road. With just a couple late payments or bounced checks, young adults can adversely impact their ability to qualify for future loans. Visit www.WhatsMyScore.org and take the 15-minute Credit 101 tutorial to learn the basics. Read More.

Practical Money Skills At Home

Financial Literacy: It's Never Too Late, Or Too Early

A global recession, bank bailouts, and turbulence on Wall Street have placed media focus securely on financial issues, and some Americans are paying closer attention to financial matters than they ever have. With the connection between global and personal finances more well defined than ever, it's time to address our own deficits in financial literacy and build a strong foundation for our children. Read More.

The Power of Compound Interest

Among the most valuable financial wisdom you can teach your kids is how to harness the power of compounding. This life lesson is best learned early because the payoff grows exponentially the sooner you start practicing it. Read More.

Employer Provided Benefits

While job-hunting, it's important to weigh the value of the benefits offered by potential employers. Salary negotiations often stay focused on exactly that: salary. This is a mistake when benefits such as a 401(k) plan or Flexible Spending Accounts can save you big money in tax advantages. Educate yourself on employee benefits in order to make the right decision. Read More.


 

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