The Course in Mastery 30 Day Challenge Day 24 – Personal Financial Management with Sandy Botkin Increase Your Wealth – Week 4
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This is the VOA Special English Education Report, from voaspecialenglish.com | http Young people are perhaps better known for spending money than for saving it. But some new banking websites are seeking to change that. These websites offer young people the information and tools they need to watch over their money. These sites also let users share their financial experiences with other young people. Michael Ferrari developed SmartyPig with a friend in two thousand seven: "SmartyPig is really all about helping people save for very specific financial goals. So that could be a wedding, a vacation, an iPhone."Mr. Ferrari says SmartyPig began after he started a college savings account for his new baby. He says that experience helped him realize the power of saving for a specific goal. Helping other savers pay attention to their goals is the idea behind his company. Mr. Ferrari says his website also enables outsiders to add money to the accounts of its users. "Perhaps maybe a holiday is coming up or your birthday is coming up, and rather than getting a gift, your friends, your family can actually contribute to any of your SmartyPig goals." A growing number of young people have shown an interest in personal finance sites like SmartyPig. These sites offer tools that help users follow their spending, set up a budget and combine their investments. And the sites all involve social media. Janet Stauble is with the personal finance website bankrate.com. She says a lot of people feel at …