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Newsletter

Each month in the Practical Money Skills e-newsletter we feature an innovative educator and provide you with the latest news and updates from your favorite Practical Money Skills columns. Sign up to have the newsletter delivered to your inbox monthly.

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Welcome to the June 2010 Edition of the Practical Money Skills for Life Newsletter

Despite Tough Times, Parents Spend Big on Kids

The Tooth Fairy continues to play an important role in the lives of American families, with 94% of children under 10 years old getting a visit from the popular cuspid collector, according to a Visa Inc. survey of parents. Jason Alderman's kids get $2 for the first tooth they lose and $1 for each subsequent tooth – a golden Sacagawea coin to make the event special. "A lot of my neighbors give $5 a tooth," said Alderman, Senior Director of Financial Education at Visa. "I've been lucky our kids haven't complained about the disparity from house to house." Indeed, the tooth market can be pricey for parents. Download the research.Read more.

Tips & Trends: Smart Ideas for a Summer Staycation

No doubt, you're familiar with the "staycation" phenomenon. In case you've been out of the loop (or perhaps on a long vacation), a staycation is the budget-savvy, stay-local version of the old-fashioned vacation, and it's become so popular that it was added to the dictionary last year. Here is our advice for planning yours – and saving your family big. Read more.

Practical Money Matters: Tackling Your Kids' Summer Boredom

With millions of American schoolchildren starting summer vacation, cries of "I'm bored" will soon ring out across the nation. Swimming lessons and trips to the mall can fill only so many hours, but before you give up and surrender the TV remote, consider some activities that can be productive, safe and fun for kids of all ages. Read more.

Economy 101: Cost of Living Adjustment

If a worker's income doesn't increase by at least as much as the rate of inflation, he or she will experience a decrease in purchasing power. To account for that, the Social Security Administration began using an annual Cost of Living Adjustment (COLA) to calculate changes to Social Security benefits. Find out how the COLA is determined and what types of COLAs benefit employees today. Read more.

Each week in Economy 101, we examine a specific aspect of the economy, explaining it in clear and simple language. Join us.

Summer Travel Budgeting

Whether you're planning a cruise, booking an overseas trip or taking the affordable route with a close-to-home vacation, Practical Money Skills' new travel tips and resources can help you get the most out of your summer vacation. Read on.

Innovative Educator: Donna Burrill, Brockton High School, Brockton, MA

Welcome to the annual Credit for Life Fair at Brockton High School in Brockton, Massachusetts, where students simulate their own lives at age 25 and make important decisions about their finances. The driving force behind the fair at Brockton is Donna Burrill, 30-year veteran to teaching and Director of Business and Technology and Career Education at Brockton Public Schools. Read more.

Nominate an Innovative Educator

Each month, Visa honors an educator who is helping students lay the foundation for future financial success. If you or a teacher you know is using Practical Money Skills curriculum or otherwise enriching students with lessons in financial literacy, tell us about it.
Nominate someone now.