Where Will Your Piggy Bank Take You?
They’ve got the basics covered and do so with a well-organized and interactive website. What do I mean by the basics:
Do you need to better understand the risk-vs.-return ratio?
Do you need to better understand the importance of diversifying investments?
Do you need to better understand the importance of saving for retirement?
Do you need to better understand the importance of employer-sponsored retirement plans?
If so, click over and experiment with different financial variables, learn how to compare investment opportunities and manage credit and debt. There is a difference between saving and investing:
Saving: The act of putting money aside for future use.
Investing: The act of making it grow.
To some, the above definitions might appear simple and seem like common sense, but for many young adults; financial literacy is typically achieved through trial and error. These blunders can have a costly impact when they lead to credit card debt or a lifestyle that forces you to spend more than you earn.
DollarsfromSense.com is the best beginner’s guide to managing money I’ve seen on the Internet and helps Gen Y move beyond Generation Debt. Take a look!
Photo credit: stock.xchng.