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Welcome to the June 2009 Edition of the Practical Money Skills for Life Newsletter

Financial advice for new fathers

Raising children is a huge emotional commitment and an equally significant financial one. According to the USDA, the average cost for a middle-income family to raise a child until age 18 is over $200,000 - and that's before college. Although there are no easy paths by which to navigate the financial challenges of fatherhood, here are some financial planning strategies to serve as a guide along the way. Read more.

Economy 101: Inflation

We all know that inflation is the general tendency for the price of goods and services to increase as time passes, but how do we measure inflation and what are its causes? Learn more about inflation and how it relates to the Federal Reserve's monetary policy and the Consumer Price Index this week in Economy 101. Read more.

Each week in Economy 101, we examine a specific aspect of the economy, explaining it in clear and simple language. Join us.

Summer Travel Budgeting

Summer! You've waited all year and it's finally arrived with a full complement of warm days and late sunsets. Like many, you'll doubtlessly want to take advantage of some time off to relax and unwind. And why not? You've earned it. But do yourself a favor and follow these few simple steps to ensure a summer vacation that doesn't break the bank. Read more.

Mo Baird, Stockbridge Middle School, Stockbridge, MI

Nestled between the state capital of Lansing and the University of Michigan's home in Ann Arbor lies the village of Stockbridge, Michigan, a small farming community where Mo Baird spends her days inspiring the budding entrepreneurs in her economics class. Read more.

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