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Financial Tip

One of the best ways to stay on track to financial independence is to have a spending plan. Here's a quick overview of the steps you can take to set up your own:

1. Gather documents and receipts showing earnings and expenses.
2. Total your net monthly earnings. 
3. Total monthly expenses, including money you put into your savings. 
4. Subtract monthly expenses from earnings.
5. Rework your spending plan until it comes out on the plus side - including setting aside money on a regular basis for your long-term goals.
6. Invest in yourself by reviewing and adjusting the plan each month so you can stay on track to reach your long-term financial goals.

Introducing the MoneyClips eNews Center

New Resource Available for High School Journalism Students

The FINRA Investor Education Foundation recently highlighted the need for enhanced financial literacy in its State-by-State Financial Capability Survey, released in 2010. The survey found that on average, Missourians answered 3.1 out of five financial literacy questions correctly. Kansans answered three out of the five questions correctly. Financial education is key to increasing these scores.

To help young adults get on the path to financial independence, Yes, You Can - financial education from American Century Investments, recently launched the MoneyClips eNews Center. MoneyClips provides students with news releases they can use as a guide for crafting their own stories to be broadcast, published or otherwise shared with their classmates.

MoneyClips offers real-world, hands-on journalism experience combined with financial knowledge for articles and broadcasts that share relevant information students can use today and tomorrow as they begin their adult lives. Each release comes with interviewer tips and sample questions. Monthly emails direct students to a timely featured topic or, students can choose an article from the archived releases. Topics cover earning, saving, investing and spending.

"In this age of social networking, young adults are increasingly influenced by the recommendations of their peers," said Scott Oberkrom, Director of Community Investments for American Century Investments and head of Yes, You Can. "MoneyClips gives students the opportunity to gain journalism experience through the use of real-world news releases, and in the process share with their classmates important financial lessons. We're proud to offer MoneyClips as a compliment to the educator and parent resources available through Yes, You Can."

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