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7 Apps to Teach Kids About Money

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A three-state study funded by the FINRA Investor Education Foundation in 2015 found that high school students who received strong financial education had credit scores that were around 20 points higher on average. Parents add funds and set up an allowance, and kids set savings goals, report spending and receive achievement badges.

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Stacey Abrams’ New Co-Authored Book Details the Struggles Black Entrepreneurs Still Face and Why Business Partnership Differences Can Be Your Superpower

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For this reason, many Black business owners cannot access loans from traditional lending institutions and often turn to credit cards, their own savings or nonprofit community lenders. Only 12% of Black and Latino business owners who said they applied for federal loans in the spring of 2020 received aid.

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How to Prepare for a Recession

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Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. One of the best things you can do to prepare for any financial downturn is to pay off your credit card or other high-interest debt.

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