College Students Educate Teens about Their Personal Finances

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College students at the University of Michigan have launched a website to educate teens about personal finance topics. The website features articles, a glossary, a stock competition, and a model stock index.

Who said investing was just for adults? Certainly not a group of University of Michigan students who have committed the last two months of their time to redesigning, a website for young investors and entrepreneurs.

The website was originally founded by Chris Stallman, now a junior majoring in business at the University of Michigan, almost five years ago. After a few years with the same layout and articles, the website was growing increasingly stagnant. It was in February when Stallman enlisted the help of a number of his fellow business student friends to "revive" the website. The new members helped out by using their business education to write about topics ranging from running a small business to evaluating which stocks to buy.

"Looking around, it's scary to see friends of mine with $5,000 in credit card debts and student loans in excess of $75,000. We're using TeenAnalyst as our medium to reach out to students while they're still young enough to establish good personal finance habits," says Stallman.

The newly-relaunched website now boasts an array of features for its readers, including:

More than 130 articles - The website features articles on such topics as investing, paying for college, starting a small business, finding a job, and managing your credit.

The Young30 Stock Index - This unique feature is a model stock index consisting of 30 stocks of companies young investors would know about, such as Abercrombie & Fitch and Walgreens.

An Investing Glossary - The glossary features over 150 investing terms that young investors should know.

The website doesn't have millions of dollars and glamorous offices. In fact, Chris Stallman runs the website out of his University of Michigan dorm and his home in Momence, Illinois. Even so, the website already boasts a readership of over 10,000. "This is just the beginning;" adds Stallman, "hopefully in 2005, you'll see the first in a series of TeenAnalyst books."

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