Parents, if you have a child that’s in their twenties, you may want to begin stressing the importance of saving money.  During this stage in their lives, they’re spending more and being seduced with credit card offers…especially if they are in college. So why not start teaching them now before it becomes too late.

Walter Updegrave, of Money Magazine, discusses several ways 20-somethings can begin to save money. One tool he mentioned was the “How Fast Will My Money Grow” Calculator. This user-friendly tool can be found on the CNN Money website.

 

Check out the video below:

 

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