In the News
- May 15th, 2012
The Federal Trade Commission, the nation's consumer protection agency, has free resources to help teens learn about credit basics, fraud scams, privacy and more. A related infographic shows how college students are increasing their use of credit cards, which can be both risky and rewarding.
Check Before You Charge!
Ecommerce safety you can bank on
Shopping online is efficient, can save money, and may be the only way to purchase some items. However, before you start making purchases online there a few things you need to know.
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Before any financial transaction, take steps to avoid getting ripped off or having your identity stolen
There is a tremendous amount of quality material online to help you learn and teach financial literacy. There is less material that is directly focused on internet financial literacy, but the links in the additional resources section can help you learn about the internet aspects as well. If you do not yet have your financial data protected, or accessible online, or have a PayPal account, take time to get these in place so you can confidently work with your students.
This week’s lesson is about financial literacy and the internet. Shopping online is efficient, can save money, and may be the only way to purchase some items. However, before your teens to become fully capable digital citizens, they need to learn how to successfully conduct online banking and purchasing transactions.
This lesson discussed:
Start by asking yourself if you use your phone while driving. If you do, you’re sending a very powerful message that in spite of the significant increase in risk, you believe this is acceptable behavior.
How to make financial transactions in a secure online environment
How to identify scams and fraud
The financial tools used most often in online purchasing and banking
What it takes to be financially responsible.
You can reinforce this lesson with your teens by discussing these topic areas, and helping them create the financial accounts needed to conduct online transactions, manage their banking and to build their credit history.