Why do most teens get a job? So they can earn money and spend it, right? Well, evidently not.

A new survey conducted by TD Ameritrade Holding Corp. shows that 63 percent of teens save their money to help pay for college. This is much higher than our parents’ generation. Only 40 percent of the generation before us saved money when they were teens. This finding was somewhat unexpected. Most adults assume that if teens are actually saving their money, they will spend it on the latest fashions, entertainment, or electronics.

In response to the new trend, Joseph Peri, CEO of the Council for Economic Education, said “it’s a pleasant surprise that we’re seeing young people paying that much attention to the importance of this issue. Part of teaching the importance of investing is showing that the best investment a young person can make is an investment in themselves.” Read the rest of this entry »

Being deemed a safe driver by an automotive insurance company is a way individuals are able to save on their car insurance rates. There are many different ways to be considered a safe driver in the eyes of an insurance company, one of which being driver’s education.

New drivers are a group of consumers being hit hard by high automotive insurance rates.  The only way to combat these financially taxing rates is by educating the young drivers. Read the rest of this entry »