Tuesday, May 26, 2009

Cool New Website for YAs



Are you smart with money? It can be hard to get a handle on the Benjamins when your after school job pays only a few Washingtons a week. Well fear not dear reader, I've found a way to raise your dollar IQ points without breaking the bank.

The Federal Trade Commission (or simply FTC to those hep cats out there in cyberspace) is the nation's consumer protection agency. This remarkable agency protects consumers like you and me from false advertising and unfair business practices. Basically these are the folks who keep a close eye on all those claims Billy Mays makes on 3am infomercials.

To prove that they aren't a bunch of unfun money geeks, the FTC just set up an experimental website called You Are Here. The site helps users become savvy consumers by demonstrating the benefits of competition, the influence of advertising on buying decisions, and the rules and regulations that many business people need to follow. Essentially this site makes you money smart and doesn't bore you to death in the process. (Why wasn't this available when I was in high school?!)

So what can you do on the site? (So glad you asked!) There's a ton of fun stuff: you can design and print advertisements, uncover suspicious claims in ads, and learn how prices are determined based on supply, demand and production costs.

So get money smart!

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