TeenDollars is very grateful for the generous contribution of FamZoo. FamZoo is donating $500, matching Mr. Page's end of year contribution for the TeenDollars ROTH IRA award. At the end of each year, a senior is selected to now receive $1,000 as "seed money" for a ROTH IRA.
Click here to read why opening a ROTH IRA is so important. The persuasive essay was written by last year's winner, Carrie Chen.
FamZoo’s “Virtual Family Bank” is a learn-by-doing money management tool that fills the educational gap between the basic piggy bank and real-world bank accounts designed for adults. Parents set up an online Bank of Mom/Dad to manage each child’s spending, saving, charitable giving, allowances, chores, odd jobs, budgets, goals, loans, and much more. Kids learn through regular, hands-on financial experiences using engaging web and mobile technology. Start simple with young kids, and add sophistication as your children mature through their tween and teen years. By the time your kids transition to real world financial products, they’ll be more than ready to handle the responsibility.
ESPN 30 for 30 recently produced a film that depicted a story of the dark side of success. "Broke," is an allegory for the financial woes haunting economies and individuals all over the world. "Broke" paints a complex picture of the many forces that drain athletes' bank accounts, placing some of the blame on the culture at large while still holding these giants accountable for their own hubris.