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.
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|30 yr fixed||4.42%||4.43%|
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|15 yr refi||3.44%||3.46%|
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