Wednesday, September 23, 2009

Hey Kids: Learn About Money From The Cleveland Fed

Great Minds Think: A Kid's Guide to Money

My favorite part is from p. 10:

One of the most important things you can do with money is to save it—that is, put
some money aside now so that you can use it later. By saving a little bit each week,
you can put together enough money to buy something special, such as a new bicycle,
a trip to an amusement park, or a gift for someone special.

You can save money at home (in a piggy bank, for instance) or at a bank. When
you deposit money in a bank, it’s kept safe in a special account with your name on
it. When you want to use the money you’ve saved, you go to the bank and make a

Yes kids save your money and watch its purchasing power fall day-by-day, year-by-year. And don't forget to keep your money "safe" in a bank so they can lend it out to someone else who wants to buy something they can't afford.