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Dollars and cents

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Help your daughter(s) usher in a prosperous new year by implementing these suggestions from the National Coalition of Girls' Schools:

1. Compare spending habits. Maintain separate spending diaries for a month, listing all the purchases you and your daughter make. Then compare notes and look for opportunities to spend more wisely.

2. Make your daughter a co-manager. Open a bank account for her and help her monitor deposits, withdrawals and interest payments. Involve older children in choosing a mutual fund to help pay their college tuition.