Financial services provider Charles Schwab has launched  “SchwabMoneyWise,” a Facebook page aimed at helping younger people manage their money.

The SchwabMoneyWise Facebook page features weekly financial tips posted on the company’s educational website, schwabmoneywise.com and offered via @schwabmoneywise on Twitter.

In addition, the Facebook page will feature biweekly contests with $100 cash prizes for the most original and creative entries. New questions are posted every other Monday on schwabmoneywise.com and shared on Twitter and Facebook.

"People of all ages are spending more and more time on social networking sites, and sharing information online is here to stay," said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation and a senior vice president of Charles Schwab & Co., Inc.

"We are excited to be on Facebook and to engage in a richer conversation with people just starting out. We want to hear their thoughts and point of view."