Investor Education Fund

Investor Education Fund

May 04, 2009 11:22 ET

Money Winner or Money Loser? Comedy Helps Teens Understand Good and Bad Spending Habits

TORONTO, ONTARIO--(Marketwire - May 4, 2009) -

Attention: Personal finance, education and lifestyle reporters

The second in a new series of personal finance cartoons that introduces youth to the challenges of money management has been launched today by the Investor Education Fund.

The Funny Money series are animated cartoons with a lively narrative and a cast of comical characters. This second cartoon in the series, titled "Building Long Term Wealth", introduces teens to the facts about impulse purchasing and depreciation as well as investing, compound interest and long term growth.

"Most students do not receive formal instruction on economic and financial topics," says Tom Hamza, president of the Investor Education Fund. "The result is that they can have trouble managing their money and saving for their future. Investor Education Fund has responded with an innovative approach that makes this otherwise challenging subject more relevant and memorable."

The cartoons are an extension of Investor Education Fund's popular Funny Money lecture series that tours high schools across Canada. Funny Money is the brainchild of comedian James Cunningham who uses humour to communicate that saving, budgeting and investing are essential life skills.

The Funny Money cartoons are available to students and teachers at the Investor Education website. The first installment of the Funny Money series, called "Get it on Credit," introduced some little known facts about how credit card payment strategies impact costs and credit ratings. Other topics in the series will be released over the coming months including managing student debt, plus budgeting and saving. Each will be presented with humour, insight and value to help Canada's youth meet their financial goals.

About Investor Education Fund

The Investor Education Fund offers trustworthy and unbiased investment education to the general public via and to students through its Taking Stock in Your Future teacher program. The organization also provides funding support to not-for-profit and community organizations. The Investor Education Fund was established in 2000 by the Ontario Securities Commission (OSC), Ontario's investment industry regulator and is funded through OSC enforcement settlements.

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