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✦ Free Financial Education for Teens

Money skills that
actually matter.

12 interactive lessons on budgeting, credit, investing, taxes & more — built for teens, by a teen.

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12
Modules
20
Quiz Questions
100%
Free

Pick a topic to explore

12 interactive lessons to build your complete financial foundation.

💰

Budgeting & Saving

The 50/30/20 rule and a live budget calculator.

Beginner
📈

Compound Interest

Why starting at 16 vs 26 can mean $200K+ more.

Intermediate
💳

Credit Scores

What makes up your score and how to build it at 18.

Important
🧾

Taxes 101

Brackets, W-2s, and a live tax calculator.

Essential
🏦

Banking Basics

Checking vs savings, APY, FDIC, and avoiding fees.

Beginner
💼

Your Paycheck

Decode every line — FICA, net pay, and more.

Practical
🛒

Needs vs Wants

Categorize expenses and see where money goes.

Beginner
🛡️

Insurance 101

Premiums, deductibles, and 4 types to know.

Intermediate
📉

Good vs Bad Debt

Not all debt is equal — learn what to avoid.

Important
🎯

Goal Setting

SMART goals and a savings timeline calculator.

Beginner
🏠

Renting Your First Apt

True cost calculator and lease essentials.

Practical
🪪

Identity Theft

How scams target teens and how to stay safe.

Essential

💰 Budgeting & Saving

The 50/30/20 Rule

🏠 Needs50%
🎮 Wants30%
💾 Savings20%
$0
Needs
$0
Wants
$0
Savings

Budget Breakdown

📈 Compound Interest

Adjust Variables

$0
Total Value
$0
Invested
$0
Interest
0x
Multiplier
💡 Starting at 16 vs 26 with $100/mo at 7% = ~$200K more by age 65.

Growth Over Time

💳 Credit Scores

Score Factors

Payment History
35%
Credit Utilization
30%
Length of History
15%
Credit Mix
10%
New Credit
10%
300–579 Poor 580–669 Fair 670–739 Good 740–799 Very Good 800–850 Exceptional

Score Breakdown

✅
Pay on time alwaysOne miss = 50–100 point drop. Set autopay.
📊
Stay under 30% utilization$500 limit → keep balance under $150.
🏦
Start with a secured card at 18$200 deposit, real credit history, low risk.

🧾 Taxes 101

2024 Tax Brackets (Single)

10%
Up to $11,600
12%
$11,601–$47,150
22%
$47,151–$100,525
24%
$100,526–$191,950
32%
$191,951+

⚠️ Brackets are marginal — you only pay each rate on income within that range.

Tax Calculator

$0
Federal tax owed
Enter income above
💡 Standard Deduction $14,600 — First $14,600 of income isn't taxed!

Key Documents

📄
W-2
Wages + taxes withheld. Arrives by Jan 31.
📋
W-4
Fill out when starting a job. Controls withholding.
🧾
1099
Freelance income. You pay taxes quarterly.
🗂️
1040
Main return. File by April 15. Free under $79K.

🏦 Banking Basics

Checking vs. Savings

Checking Savings
PurposeDaily spendingGrow money
Debit card✅Usually no
APY~0%0.5–5%+
Best forBills, groceriesEmergency fund
🏛️ FDIC Insurance protects deposits up to $250,000 per bank.
💸
Overdraft fees ~$35Turn off overdraft protection or keep a cash buffer.
🏧
Out-of-network ATM$2–5 per use. Use your bank's ATM or get cashback at stores.

APY Growth Calculator

$0
Enter values above

💼 Reading Your Paycheck

Interactive Pay Stub

StartSmart Co.Pay Period
Gross Pay$0.00
Federal Income Tax-$0.00
Social Security (6.2%)-$0.00
Medicare (1.45%)-$0.00
NET PAY$0.00

Deductions Breakdown

🏛️
What is FICA?Social Security (6.2%) + Medicare (1.45%) = 7.65% of every paycheck. Your employer matches this.
💡
Claiming exemptIf you earned under $14,600 last year and expect the same this year, claim exempt on W-4.

🛒 Needs vs Wants

Categorize These Expenses

Tap each expense to label it a Need or a Want.

Your Spending Split

$0
Needs
$0
Wants
💡 Most people are surprised how much of their spending is wants. Small subscriptions alone can add up to $100+/month!

🛡️ Insurance 101

4 Types You Need to Know

🏥 Health Insurance

Covers doctor visits and hospital stays. Pay a monthly premium; after your deductible, insurance pays the rest. Stay on parents' plan until 26.

🚗 Auto Insurance

Required by law to drive. Liability covers others; add collision/comprehensive if your car is worth $4,000+.

🏠 Renters Insurance

~$15/month covers YOUR belongings in a fire or theft. Your landlord's policy covers the building, not your stuff.

🌂 Life Insurance

Term life is cheapest — lock it in young when healthy. Most teens don't need it yet, but understand it early.

Cost Comparison Chart

💵
PremiumMonthly fee to keep coverage active. Think of it like a subscription.
🎯
DeductibleWhat you pay out-of-pocket before insurance covers anything. Higher deductible = lower premium.
🔢
CopayFixed fee per visit (e.g. $20) after your deductible is met.

📉 Good Debt vs Bad Debt

Not All Debt Is Equal

✅ Good Debt — Builds Value

📚 Student Loans — invests in earning potential
🏠 Mortgage — builds equity in an asset
🏢 Business Loan — funds income generation

❌ Bad Debt — Drains Value

💳 Credit Card Balance — 20–30% APR
🚗 Luxury Car Loan — car depreciates fast
📱 Buy-Now-Pay-Later — hidden fees, easy to overspend

DTI Calculator

0%
Enter values above

True Cost of Credit Card Debt

$3,000 balance at 25% APR — minimum payments vs aggressive payoff.

⚠️ Minimum payments on $3,000 at 25% APR can take 10+ years and cost $4,000+ in interest.

🎯 Financial Goal Setting

The SMART Framework

S

Specific

"Save $500 for a laptop" not "save money"

M

Measurable

Attach a dollar amount and a deadline

A

Achievable

Stretch yourself but stay realistic

R

Relevant

Aligns with your bigger life plans

T

Time-Bound

Set a specific end date for urgency

Goal Timeline Calculator

—
Enter values above

🎮 Gaming PC

Short-term
$0 savedGoal: $900

🚗 Used Car

Mid-term
$1,200 savedGoal: $4,000

🎓 College Emergency Fund

Long-term
$500 savedGoal: $3,000

🏠 Renting Your First Apt

True Monthly Cost

$0
Total monthly cost

Cost Breakdown

📋
Security deposit1–2 months' rent upfront. Get back by leaving the place clean.
📅
Breaking your leaseUsually costs 1–2 months' rent in penalty fees.
📸
Move-in photosDocument every scratch before moving in — protects your deposit.

🪪 Identity Theft & Fraud

Scams Targeting Teens

📧 Phishing

Fake emails/texts from "your bank" or "IRS" asking for your SSN or login. Real companies never ask via text.

💼 Fake Job Offers

"Earn $500/day from home!" They ask for bank info for "direct deposit" — then drain your account.

🎮 Gaming Scams

Free V-Bucks or gift cards requiring your credit card or password. Always a scam.

💸 Scholarship Scams

"You won! Pay a small fee to claim." Legitimate scholarships never charge you money.

📱 SIM Swapping

Scammers transfer your phone number to their SIM, bypassing 2FA. Use an authenticator app.

Protection Checklist

If Stolen — Act Fast

1️⃣ Freeze your credit at all 3 bureaus — free at AnnualCreditReport.com
2️⃣ File FTC report at IdentityTheft.gov
3️⃣ Change all passwords starting with email & banking
4️⃣ Alert your bank to watch for fraud

Financial Literacy Quiz

20 questions across all 12 modules.

1 of 20
Score: 0

Financial Glossary

Quick definitions for terms that show up in real life.

APR

Annual Percentage Rate — yearly cost of borrowing. Always check before taking a loan or card.

APY

Annual Percentage Yield — how much you EARN on savings including compounding. Higher = better.

Net Worth

Assets minus liabilities. Growing net worth is the goal of personal finance.

Compound Interest

Earning interest on your interest. Over decades, turns small savings into large wealth.

Credit Utilization

How much of your credit limit you're using. Keep under 30% to protect your score.

FICA

Federal Insurance Contributions Act — Social Security (6.2%) + Medicare (1.45%) from every paycheck.

Deductible

What you pay out of pocket before insurance covers costs. Higher deductible = lower premium.

Emergency Fund

3–6 months of expenses in cash. Your #1 financial priority before investing.

Debt-to-Income

Monthly debt ÷ monthly gross income. Lenders want this under 43%.

Index Fund

Low-cost investment tracking the whole market. Best starting investment — ~7–10%/year historically.

FDIC Insurance

Government protection of bank deposits up to $250,000 per bank.

Gross vs Net

Gross = earned before taxes. Net = what hits your bank. Always budget with net.

Security Deposit

1–2 months' rent held by landlord. Returned if you leave with no damage.

Inflation

Rising cost of goods over time (~3%/yr). Cash loses value; investing outpaces it.

W-2 vs 1099

W-2 = employee (taxes withheld). 1099 = freelancer (you pay taxes yourself).

Phishing

Scam messages pretending to be trusted sources to steal your info. Never click suspicious links.