Financial Literacy
From how they learn to what they want to learn about, everyone has a different relationship with money. Use this guide to become an educated investor in the ever-evolving financial markets.
![four people thinking about money](https://www.investopedia.com/thmb/8T7NkhwyH-AaGtiZ430gwZjbB1I=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/INVFinancialLiteracyHub_Final_2-1ca3cee983724276ab7530d3fae1d6c4.jpg)
Investopedia / Alison Czinkota
Letter from The Editor
![Caleb Silver Editor-in-Chief, Investopedia](https://www.investopedia.com/thmb/rvbuYdjI9vqcsfDDNxK9ZhJXjP0=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/CalebSilver_HeadshotandName-56631ccb950e49c19275c31a20833b18.png)
April is National Financial Literacy Month, but it’s our mission here at Investopedia every month. We’re grateful to reach more than 20 million monthly readers from around the world who visit our site, social media channels, newsletters, and podcasts to learn about finance and investing.
However, millions of people still need financial literacy and guidance, but don’t have easy access to it online, in schools, or in their communities. It’s our goal to reach them.
Finance and investing are also changing rapidly, thanks to the adoption of cryptocurrencies, decentralized finance, commission-free trading, and alternative forms of investing. These changes are creating pathways for people at nearly every income level to participate and grow their wealth, if they know how to utilize these tools. While technology has helped open doors, more education about these new platforms and assets is required—and that’s what Investopedia does best.
To help increase financial literacy for all, we’re committed to extending our reach and resources to underserved communities who have traditionally been closed out of the financial services and information industries. In the financial literacy section on Investopedia, you’ll find resources to help you become an engaged and educated investor in the ever-evolving financial markets. And in our brand new Financial Literacy Resource Center dedicated to teachers and their students, you’ll also find resources to share with people in your community to help support their financial journeys.
We wish you all a Happy Financial Literacy Month, year—and future.
How To Start Investing
Behind The Statistics
-
The amount you need to retire will vary depending on such factors as the income you have now, your age, the age you hope to retire at, and the lifestyle you want in retirement. Most experts recommend your retirement income to be about 80% of your final, pre-retirement annual income. This is a good jumping off point but the amount you save will vary based on your circumstances.
Learn More How Much Do I Need to Retire? -
To start investing in cryptocurrency, you first need to open an account with the brokerage firm or cryptocurrency exchange of your choosing. Then, fund your account with a currency like U.S. dollars. Once you decide which cryptocurrency you wish to buy, you can follow the steps required by the exchange to place a buy order. Once the purchase is made, you must store your crypto in a digital wallet.
Learn More Learn More -
Non-fungible tokens (NFTs) are unique digital assets that can represent tangible and intangible goods, such as a piece of art, a song, or even a Tweet. Each NFT is individually recorded and authenticated through a public blockchain, much like a cryptocurrency transaction. This enables it to be bought, sold, or traded. Unlike crypto, NFTs are distinctive, one-of-a-kind goods.
Learn More Non-Fungible Token (NFT) Definition -
To invest in an NFT, you can browse major NFT marketplaces, such as OpenSea, and pick the NFT you want to buy. Next, establish a cryptocurrency wallet and fund it with fiat money. Once your wallet is connected to the marketplace, you can purchase an NFT. The accepted currency for buying an NFT is typically the cryptocurrency corresponding to the blockchain (like Ethereum) that supports the NFT.
Learn More Pros and Cons of Investing in NFTs -
There are many layers of security for digital wallet transactions, as they use encryption, tokenization, and authentication to protect your information on your smartphone or computer. While safe, it’s important to take extra precautions when using a digital wallet. This can include enabling a passcode, knowing the merchant you’re purchasing from, or installing facial recognition on your phone.
Learn More What Is a Digital Wallet? -
The capital gains tax is a fee you pay on profit made from selling certain types of assets, like stock or bonds. A capital gain is the total sale price of an asset minus the original amount you bought it for, and there are two types: short-term and long-term. Short-term capital gains occur when you've owned an asset for one year or less and are taxed at a higher rate than long-term capital gains.
Learn More Capital Gains Tax 101
Key Terms
- Mortgage
A refers to a loan used to purchase or maintain a home, land, or other types of real estate. With this type of loan, a borrower agrees to pay the lender over time, typically in a series of payments that are divided into principal and interest. The property serves as collateral to secure the loan.
- Annual Percentage Rate
An annual percentage rate, or APR, is the yearly rate charged for a loan or earned by an investment. It is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. Lenders must disclose the APR they charge to borrowers.
- Emergency Fund
An emergency fund acts as a financial safety net that you use in times of financial hardship. Often stored in a savings account, the funds are used to meet unanticipated expenses, such as an illness or major home repairs. The amount of money within your emergency fund depends on several factors, including your financial situation, expenses, lifestyle, and debts.
- ETF
An exchange-traded fund (ETF) is a type of investment that is a basket of securities traded on an exchange, much like how a stock is traded. Because there are multiple assets within a single ETF, they are often a popular choice for diversification within one’s portfolio. Unlike mutual funds which only trade once a day once the market closes, ETF share prices fluctuate all day as the ETF is bought and sold.
- Index Fund
An index fund is a type of mutual fund or exchange-traded fund that aims to mimic the composition and performance of a market index, such as the S&P 500. Generally, index funds have lower expenses and fees than actively managed funds. Most experts agree that index funds are considered ideal core portfolio holdings for retirement accounts, like 401(k) accounts or IRAs.
- Finance
Finance can be broadly defined as the management, creation, and study of money and investments. It is often split into three categories: public, corporate, and personal finance. Personal finance specifically focuses on all financial decisions of an individual or household, including saving, financial planning, budgeting, and retirement planning.
- Debt
Debt is something—usually money—that a person, organization, or government owes to another person, organization, or government. Generally, the person who borrows the money must pay back the given amount with interest by a specific, agreed-upon time. The most common forms of debt are loans, such as mortgages, auto loans, personal loans, and credit card debt.
- Credit
Credit is an agreement you make with a lender that enables you to pay for goods or services. In return for the good or service, you agree to pay the lender back, usually with interest, but specific terms will vary depending on the borrower and the lender. Common forms of credit include credit cards, student loans, and mortgages.
- P/E Ratio
The price-to-earnings (P/E) ratio relates a company's share price to its earnings per share. It’s a way for investors and analysts to gauge whether the stock price of a company is high or low compared to its past performance or other companies. The ratio is calculated by dividing the current stock price by the current earnings per share.
- Amortization
Amortization is used in two different ways. First, it can be used when paying off debt. Many borrowers can be put on an amortization schedule where they will pay off a loan with regular payments so that the amount they owe goes down with each payment. Amortization can also refer to the practice of spreading out capital expenses related to intangible assets over a specific duration—usually over the asset’s useful life—for accounting and tax purposes.
- Small Saver Certificate (SSC)
A small saver certificate (SSC) is a deposit savings account that has a small minimum requirement balance, or sometimes, no minimum balance requirement at all. The most common investors in SSCs are children or young adults. SSCs are not that common or popular, as investors usually choose to invest in certificates of deposit (CDs), a similar financial instrument.
- Student Debt
Student debt is money owed on a loan by an attending, formerly withdrawn, or graduated student of higher education. Due to the rapidly increasing prices of higher education in the United States, student debt is a popular (and sometimes the only) option for many students to pay for college.
- Financial Literacy
Financial literacy is the capacity, based on knowledge, skills, and access, to manage financial resources and information effectively. It includes the ability to effectively use and understand basic financial skills like budgeting, and investing. Financial literacy is seen as the foundation of one’s relationship with money.
- Guardian IRA
A guardian IRA is a custodial IRA, meaning it is held in the name of a legal guardian or parent on behalf of their child or minor who is under the age of 18 or 21 (depending on the state). It can also be held on behalf of someone who is incapable of handling their finances due to a physical or mental disability. Once the minor turns 18 or 21, depending on the state, they will gain control over their account.
Personal Finance Basics
-
One of the best ways to start saving money is by setting a savings goal—whether it be short- or long-term—and paying yourself first. Paying yourself first just means that, before each pay period from work, commit to putting some funds in a savings account. Automating these savings is a great way to ensure a certain amount of money is put toward your financial goals regularly.
Learn More 10 Ways to Effectively Save for the Future -
There is no set amount of time it can take to improve a credit score. Your credit report is updated automatically when lenders share new account information to the nationwide credit bureaus. This can happen once a month or every 45 days, but it will depend on the lender. You’re most likely to see a score improvement if you pay your bills on time, pay down any outstanding balances, and avoid debt.
Learn More How to Improve Your Credit Score -
The Social Security Administration (SSA) estimates that combined asset reserves of the OASI and DI Trust Funds will be exhausted in 2034. At that time (if nothing changes), the continuing tax income will be able to pay only 78% of the scheduled benefits. To prevent this from happening, the government may raise the full retirement age, increase payroll tax rates, or adopt new tax reforms.
Learn More Why Is Social Security Running Out of Money? -
To pay off debt in collections, confirm the debt is yours, check local statute of limitations, and know your rights. Decide how much you can afford to pay and set up a payment plan. Document everything. Paying a collection removes the debt, takes away certain tax liabilities, and updates your credit report. Note, according to FICO, there’s no guarantee that your credit score will improve.
Learn More The 5 Best Debt Collection Agencies of 2022 -
Many county and state governments, including New York City, offer financial services like free, one-on-one guidance from professionals. Other organizations you can turn to include the Financial Planning Association, the National Foundation for Credit Counseling, and The Foundation for Financial Planning; however, qualifications may vary depending on the guidance you are looking for.
Learn More When Should You Hire a Financial Advisor?
![Woman with red hair looking on screen of her mobile phone.](https://www.investopedia.com/thmb/-4BpFKCueZJNFrRCP5xTUMwNpFQ=/2119x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1383931877-c0e47859b6a84c5a945c534f5a19db64.jpg)
![Young person smiling and texting on a smartphone while working on a laptop at a desk in an office.](https://www.investopedia.com/thmb/hxKDTY4Oxt6KgFD_frkZiYeNMGM=/2120x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1922468884-7f210a12d45c4440a744715d8a3f0801.jpg)
![Group of smiling young adults sitting together outside, using mobile phones.](https://www.investopedia.com/thmb/KK36WFGxmubohyryp5xPKIHTPQU=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1441262328-89372ba37814483c9ba50c49a1a3f618.jpg)
![A young employee assists a customer.](https://www.investopedia.com/thmb/q-fnEnYjG2o7iJ0t2gxGKbD3tqY=/5760x3840/filters:no_upscale():max_bytes(150000):strip_icc()/teenemployee-c4a48e2c5f1a474789a94f38d93a06cf.jpg)
![Phone with Tik Tok in the sky](https://www.investopedia.com/thmb/2bjC9yf3WyBTetVFfH8ku3LlWCo=/640x392/filters:no_upscale():max_bytes(150000):strip_icc()/tiktok-g35621c320_640-d8f04fa81a704dc3a67b97c7adf2cd59.jpg)
Explore Financial Literacy
![Why You Need to Teach Financial Literacy at an Early Age](https://www.investopedia.com/thmb/Cu4tlqo5FxPsAAay0nRjoQcEvNk=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/WhyYouNeedToTeachFinancialLiteracyFromaYoungAge1-f8eb6774ecf44660a0a165de63fa9d3c.jpg)
![Simulator on a laptop](https://www.investopedia.com/thmb/uTzULP3hwljS6r2t3U32SJzYcYQ=/3000x2000/filters:no_upscale():max_bytes(150000):strip_icc()/SimulatorRecricImage-b7b273fabe03447bbac157e1f2fb56d9.jpg)
![Student at desk, writing in journal on top of open laptop](https://www.investopedia.com/thmb/f41pf4e5_v-HjicCx82wcdJnlqk=/5472x3648/filters:no_upscale():max_bytes(150000):strip_icc()/student_desk_laptop_notebook_AdobeStock_187280034-ecc982cbb4084a2b8a8e251b28c59fef.jpeg)
![little boy in red hoodie stands up to read book in public library](https://www.investopedia.com/thmb/7Zcs2N4EaMxmzarynyV7UsYcvMI=/2080x1441/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1054750628-02d0a86a555d4cb386183438edc8cf67.jpg)
![Two young adults have a conversation in a kitchen.](https://www.investopedia.com/thmb/6ghXvzf7gyEC2RFZ_9WGUN-hypo=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/kitchenyoungadults-80f67476905e48ffacc1f970baec0f56.jpg)
![Financial book roundup image](https://www.investopedia.com/thmb/uItl_HHsKsEqb16Z8sjiIYURlB8=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/roundup_primary_INV_commercebooks2-8089c47f818c437da7a73181870508e6.jpg)
![Woman and young boy reading a tablet together](https://www.investopedia.com/thmb/3rQSKb8wVr7s3pgv_KT8wSdfCzY=/1207x871/filters:no_upscale():max_bytes(150000):strip_icc()/GettyArielSkelleyreadtogether-56aa2f203df78cf772ad3419.jpg)
![Advisor assisting woman with paperwork](https://www.investopedia.com/thmb/1OM6vdyGDtHEf5qG1LrGwVHwyzk=/2133x1407/filters:no_upscale():max_bytes(150000):strip_icc()/financialadvisorgetty-56a82e9a3df78cf7729cd927.jpg)
![Golden Bitcoins](https://www.investopedia.com/thmb/6w8wxfnzQtFGK_mtPoOWWdMa9EA=/5079x3386/filters:no_upscale():max_bytes(150000):strip_icc()/golden-bitcoins-991448988-7f254d7a2e0b408895d784b82dd58950.jpg)
![Young woman talks with bank teller](https://www.investopedia.com/thmb/rQ2r2Hal8mkQG7YmppCLRtEgAlY=/6720x4480/filters:no_upscale():max_bytes(150000):strip_icc()/cashacheck-3232c281ea334da08c34e45ce59f5e7c.jpg)
![Stressed parents paying bills on laptop](https://www.investopedia.com/thmb/4jhaqNOnBrGj3YmVGMzLn45VD6w=/2119x1414/filters:no_upscale():max_bytes(150000):strip_icc()/RacialWealthGap-4b3536e8fe294279a6100161109d735f.jpeg)
![Woman standing in front of ATM](https://www.investopedia.com/thmb/0P8HSpSA_IOGcyIITb1I7nXp6Ng=/2119x1415/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1188923984-4c6e73c4f4834686814f98485ffa32aa.jpg)
![INV book roundup img](https://www.investopedia.com/thmb/bi2W92bk9H0CstHBsA84hdA1aYk=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/roundup_primary_INV_commercebooks1-932d94e4f8c242b38b9e684349dd0609.jpg)
![Woman reading book in front of a full bookshelf](https://www.investopedia.com/thmb/M7AGIFusxH2OL1U7GvuzQ9Epp1s=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/reading-financial-books-8818468550f44e61b29a658a7211134a.jpg)
![A man typing on the laptop and using credit card.](https://www.investopedia.com/thmb/n32U-2ZpoYwxGUXx-bT2A0GvHuA=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-873050412-a542bc29951a4ec1bca10ac4fc71a37c.jpg)
![Woman with phone](https://www.investopedia.com/thmb/h1Vt_jCRqq0Ri_ExhOUJHJ5oXvM=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1350325088-86c03f9742e5421090b113a8dba58db8.jpg)
![person holding a bunch of money](https://www.investopedia.com/thmb/UriZeen7mXmPPxa-Aa3bpzr3Qs0=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/TheHistoryofMoney-3da5ee3a5ecf45bb8c3fcdd0b42f6acd.jpg)
![Someone paying at a store using an Apple Wallet on their smartphone.](https://www.investopedia.com/thmb/ocFTIToUPPMpPc0eI1ame7ctfYg=/7383x4922/filters:no_upscale():max_bytes(150000):strip_icc()/blake-wisz-Xn5FbEM9564-unsplash-7bd5c4cf5cda4f15b32d11e99ef53e25.jpg)
![A visual representation of 5 safety tips for Venmo users who are concerned about their privacy.](https://www.investopedia.com/thmb/lSaD2TqSIEMH-OVQNEGRH1gJ7t0=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/how-safe-venmo-and-why-it-free_FINAL-d6b7c0672d534208a05d1d53ae0cd915.png)
![Card](https://www.investopedia.com/thmb/Uu6lTDBjX0VsKyAZJZ1w65JS0Lg=/6000x4000/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1398951244-be75263eb1a446aab86301d520367bfc.jpg)
![Young adults have a conversation in a coffee shop.](https://www.investopedia.com/thmb/0ZO-nuxkxxdPAgfyKKvDkF6JBZ4=/6720x4480/filters:no_upscale():max_bytes(150000):strip_icc()/Youngpeeps-a66fb24dad4a45828ba25d6acfb08c8a.jpg)
![teenager on iPhone with credit card](https://www.investopedia.com/thmb/fADJeZBtayxKfUejXu6TSZbFjVI=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/GettingYourKidsTheirFirstCreditCard1-419803400b914f9bb44d997a27ccdcc2.jpg)
![Young mechanic fixing some gears on a bike](https://www.investopedia.com/thmb/qQgBsldLfjpFrx7zVhl2hafvtGk=/2119x1414/filters:no_upscale():max_bytes(150000):strip_icc()/ChildsFirstIncomeTaxReturn-a7e3de03ad134ae58848d79cede73fb3.jpg)
![A woman looks over receipts while using a calculator](https://www.investopedia.com/thmb/fO_B7Jl6ACJqBDIR0acoNJDImk0=/8256x5504/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1440703929-85e89075a2c84be8964ef8ee40b317eb.jpg)
![Girl with calculator and papers at desk](https://www.investopedia.com/thmb/StAxdHhSTH_qTGzr2ZOMw5SSDfU=/5079x3386/filters:no_upscale():max_bytes(150000):strip_icc()/simplevcompoundinterest-4073f58fea09448789ed5c05c7f7a408.jpg)
![Closeup of manicured hands tabulating numbers on a calculator.](https://www.investopedia.com/thmb/ptKsh0XVQvyOTqizIfRgwR0tEsk=/680x440/filters:no_upscale():max_bytes(150000):strip_icc()/125183558-5bfc2b8c46e0fb00517be02c.jpg)
![server at terminal](https://www.investopedia.com/thmb/Wpo8GJ_ZUPGURb36ikDVchBBdaM=/2048x1464/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-851933004-2e4f85ea250b4c0ebeb12fecffc979e7.jpg)
![college students](https://www.investopedia.com/thmb/QnKWiDRS48L-t7hVA7bOf0vxjAU=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-874140162-2116e97c27884893b565a6a7b11a50f3.jpg)
![](https://www.investopedia.com/thmb/LqsVNQ9DQv63qvLZWzffLsHfs5U=/380x254/filters:no_upscale():max_bytes(150000):strip_icc()/BankTeller-5bfc2db3c9e77c00519b0689.jpg)
![Woman with Baby and Computer](https://www.investopedia.com/thmb/AdoYZ2DJJt6ua4nLiqqo1JdSV64=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1337933770-3d431c51f6e942d4b12280a8f1bfbefe.jpg)
![Banking 101](https://www.investopedia.com/thmb/7wh22wWJZRumd4IA4QjfqDJT3AI=/3000x2000/filters:no_upscale():max_bytes(150000):strip_icc()/Investopedia_Banking101_colorv1-ef7ac25979d14d82b220e09c89c01014.png)
![10 College Degrees With the Best Starting Salaries](https://www.investopedia.com/thmb/ULMvLnAY6syTuET2J-V4-PmnuQ0=/2000x1500/filters:no_upscale():max_bytes(150000):strip_icc()/College_Degrees_Best_Starting_Salaries_Version1_4205218-00d2a844a86c4e6e94fe16f142d9ac83.png)
![](https://www.investopedia.com/thmb/-U7T4RkVyQbNnaoHEHMN3NleiVE=/3330x2223/filters:no_upscale():max_bytes(150000):strip_icc()/bitcoin_467142419-5bfc3038c9e77c0026313bcd.jpg)
![An older man sits on the floor with a young boy.](https://www.investopedia.com/thmb/28Tna987jpannTNQ8BlhI-aKk14=/7736x5160/filters:no_upscale():max_bytes(150000):strip_icc()/Olderyounger-0e80017d88d94b6a9af734cf185d4133.jpg)
![closeup of hand making a payment with a smartphone at a payment terminal](https://www.investopedia.com/thmb/UszDN2NqpXpWj7_Kg2Pp816_yE4=/8256x5504/filters:no_upscale():max_bytes(150000):strip_icc()/Mobilewallets-9365167aa4124624930d83d952ff5ae6.jpg)
![Small Saver Certificate (SSC)](https://www.investopedia.com/thmb/jBAjyLHZQLOK00lQ4hZeJV7BtcU=/4000x2700/filters:no_upscale():max_bytes(150000):strip_icc()/small-saver-certificate.asp_final-5415d824229247f5bc5870d90f02c12f.png)
![Graduation](https://www.investopedia.com/thmb/A9ctD0FzRhYBanswjwpNyWJwZgE=/4992x3328/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-73532230-15b3692b33db476a92170ab7b42f807c.jpg)
![how to teach your child about cryptocurrency](https://www.investopedia.com/thmb/wxbSd_v6HDfHTMpm0oQnmtQe4No=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/HowtoTeachYourChildAboutCryptocurrency-4399959f64914b4ba89435adcedc2ae3.jpg)
![Mother watching son place coins in piggy bank.](https://www.investopedia.com/thmb/9qK5pZHhJ_UUWuX1XAGMry6RdSs=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1063784384-fdd2b33264bc4d048f9d443e3d3bf7d1.jpg)
![kid learning about money through everyday activities](https://www.investopedia.com/thmb/S5hpx4snT0S9Xk_grL46P2TBiqI=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/EverydayActivitiestoTeachFinancialLiteracytoKids-eff2ca946fcf486f843d37e6c861c482.jpg)
![A woman uses a phone on a city sidewalk.](https://www.investopedia.com/thmb/XJwvti2RYVlNXkJ8awSUvB58lLQ=/7952x5304/filters:no_upscale():max_bytes(150000):strip_icc()/phonelady-7d4fc40c92094706a4d3144e09ae415d.jpg)
![Dad reading to a young baby](https://www.investopedia.com/thmb/K7hfjzhwF4w33vLFqYrC1vH-FLM=/4256x2832/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-490811913-5793784d5f9b58173b866e58.jpg)
![INV book roundup img](https://www.investopedia.com/thmb/bi2W92bk9H0CstHBsA84hdA1aYk=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/roundup_primary_INV_commercebooks1-932d94e4f8c242b38b9e684349dd0609.jpg)
![Schoolgirl (10-12) using laptop computer, close-up](https://www.investopedia.com/thmb/RTghR0n_orBy7BSxMTTRWCc_Jvo=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-200418480-001web-56fc0bf53df78c7841b1fe37.jpg)
![Kid working on homework with parent](https://www.investopedia.com/thmb/Vc7lc6Y3LysDfvvLb_x8adtTQSU=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-554992219-58fa168a3df78ca159ce09d8.jpg)
![Father teaching daughter counting allowance money in living room](https://www.investopedia.com/thmb/8E4EMzgYQ8S_CDBqj59t-XoUcXE=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/kids_finance-705004407-5bb3740d46e0fb0026872526.jpg)
![parent and son looking at iPhone](https://www.investopedia.com/thmb/BNID2IzidIgeJwCq2RSDrj7nZ-Y=/5472x3648/filters:no_upscale():max_bytes(150000):strip_icc()/digitalmoneyguideforparents-a69c27270dea46a1913e6ef1b32acc02.jpg)
![The third house upgrade in Animal Crossing.](https://www.investopedia.com/thmb/EG2cjGJPQDgkyAUXqBO_o8BIGUU=/1280x720/filters:no_upscale():max_bytes(150000):strip_icc()/image2-77ce4f7b99cf42728603c20f8111a0ce.jpeg)
![Couple working on something](https://www.investopedia.com/thmb/-ET2kN-p9zc6DtzDIJmOtEQx6ns=/724x483/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1313190260-f0b8bebf49ff46ed8412b98268ec9765.jpg)
![A series of math equations written in marker](https://www.investopedia.com/thmb/2Y6sNM1Jxv1S-_6QRO7Jom8RE2E=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-183042302-086332910a72485b86204bca8618f845.jpg)
![Young Adult Uses Mobile Device](https://www.investopedia.com/thmb/_RIFJrc9_sN5278MPpJOH9fRpP4=/5315x3543/filters:no_upscale():max_bytes(150000):strip_icc()/teenwphone-e6f22e15d52a416c9b60ce2310a9f3f5.jpg)
![A young woman reviews her portfolio on a tablet](https://www.investopedia.com/thmb/6nXGZEk8DX0aqrT8UO-U2wcYsY0=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/Investing-30d044187ce9496594594e34a5fe34e8.jpg)
![](https://www.investopedia.com/thmb/j3PWPwIVT5VRluY7qo996TxiPy4=/300x183/filters:no_upscale():max_bytes(150000):strip_icc()/article_12_image-5bfc2ff646e0fb0083c1475a.jpg)
![young teenager writing in notebook](https://www.investopedia.com/thmb/918X84LOUDSTRRSy-SvRoPnks6E=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/InvestingforTeensWhatTheyShouldKnow1-4cd33d7fd3ca4b0f9f1d646381561ee1.jpg)
![teenagers in the library](https://www.investopedia.com/thmb/HVkkDql5U1cG1zp1X_SwK0kZYNQ=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/VenmoAppleWalletandDigitalMoneyGuide-4c66513453b643c9a6e69f54c37fde2b.jpg)
![Teenager Working and Studying from Home Using Laptop](https://www.investopedia.com/thmb/gdMrnkroX9JvhqLKHIcU0lsID5I=/5040x3360/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1403066186-25994517cc3942739fd871cf309c4b47.jpg)
![Person with PC and headset](https://www.investopedia.com/thmb/0cH8RScK6MzEVfSEvmBlaDzBWyQ=/2121x1414/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-530927290-58527b5c3df78ce2c3819439.jpg)
![Financial Literacy](https://www.investopedia.com/thmb/cM-wSB9uxPsCnMtB7TyIx9NNsTk=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/FinancialLiteracy_Final_4196456-74c34377122d43748ed63ef46a285116.jpg)
![Student](https://www.investopedia.com/thmb/394xAqnSqUF71uR14OzA_uP9hG8=/6250x4167/filters:no_upscale():max_bytes(150000):strip_icc()/FinancialGoalsforStudents-HowandWhytoSetThem-e34ddb0ea3af47c79e6a83826762b326.jpg)
![Teens Count Change on Countertop](https://www.investopedia.com/thmb/k0J4sW6f_t_pN_E2IB7ALuJgId4=/6720x4480/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-875097092-388c63b0ca464efa8a66ac9192656aa0.jpg)