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2. Interest - Wikipedia

   en.wikipedia.org/wiki/Interest

   In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. [1] It is distinct from a fee which the borrower may pay to the lender or some third party.

3. How to teach kids about financial literacy — in a way ... - AOL

   www.aol.com/finance/teach-kids-financial...

   Requiring financial education improves credit scores, reduces delinquency rates, reduces the use of alternative financial services (e.g., payday lending), and shifts students from high-interest to ...

4. Interest rate - Wikipedia

   en.wikipedia.org/wiki/Interest_rate

   An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum ). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed.

5. Teaching kids about credit cards and debit cards - AOL

   www.aol.com/finance/teaching-kids-credit-cards...

   Key takeaways. Teaching kids about credit cards and debit cards is an important part of their financial literacy. Credit cards borrow money from a card issuer, while debit cards withdraw money ...

6. Financial literacy - Wikipedia

   en.wikipedia.org/wiki/Financial_literacy

   Financial literacy is an ability to effectively manage the economic well-being of individuals with knowledge and financial skills. [12] The Government Accountability Office definition (2010) is "the ability to make informed judgments and to take effective actions regarding the current and future use and management of money.

7. Personal finance - Wikipedia

   en.wikipedia.org/wiki/Personal_finance

   Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.

8. What To Teach Your Kids About Money at Every Age - AOL

   www.aol.com/finance/teach-kids-money-every-age...

   Even when your children are very young, it's not too early to start teaching them about money. The money lessons they learn while growing up will lay a foundation for their financial habits as they...

9. Best bank accounts for kids - AOL

   www.aol.com/finance/best-bank-accounts-kids...

   Why we chose it: The Alliant Kids Savings Account earns a competitive yield for a children’s savings account. The Alliant Kids Savings Account requires an initial deposit of $5, which the credit ...