An early start to financial education yields the best results.
Make it fun. "A game can be a spark plug to get kids thinking," says Dan lannicola of the Financial Literacy Group consulting firm.
One diversion: Tykoon, a free iPhone app that shows your child how payment for small chores can add up to the price of a big-ticket purchase.
Talk the talk. "To kids, money is a foreign language," says Sabrina Lamb, author of Do I Look Like an ATM? Just as they learn languages best amid native speakers, they'll get fiscally savvy immersed in talks about money.
One Lamb suggestion: Ask how they think your family could cut costs. Find more topics at moneyasyougrow.org.
Test your smarts. Think you're an economic know-it-all? Find out for sure on the new Money Quiz section of the congressionally chartered MyMoney.gov website.
Answer a brief set of questions on subjects such as investing and borrowing; if you get anything wrong, you can follow links to online resources for further learning.
|Don't fight it. Bitcoin has a bright future|
|"The Hobbit" dispute sparks lawsuit|
|Teen millionaire helping Yahoo become cool again|
|Five things you didn't know about Bernie Madoff's epic scam|
|Stocks falter as budget deal raises taper risk|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.45%||4.52%|
|15 yr fixed||3.47%||3.55%|
|30 yr refi||4.44%||4.51%|
|15 yr refi||3.46%||3.54%|
Today's featured rates: