Credit Union Youth Month
The below content is meant to be informational and not used as financial advice.
Credit Union Youth Month
April 10 2024
Our marketing team schedules many classroom visits throughout the school year – from teaching elementary students about counting money and the concept of ‘spend, save, share' to talking to high school kids about opening accounts, managing their money and more.
In April, Credit Union Youth Month, we try to make an even wider impact by sharing resources and information outside of the classroom. Often, children are not taught about finances at home or in school and many don’t have a good role model to follow.
In this article you’ll find links to resources you can use to talk to and teach your kids about money. And, be sure to check out the special Youth Month offer and contest on our website!
So, why is it so important to teach kids about money?
Financial Literacy
Understanding the basics of money management, such as budgeting, saving and avoiding debt, is essential for navigating adulthood. By teaching kids about money early on, they develop financial literacy skills that will serve them well throughout their lives.
Responsible Spending Habits
Teaching kids about money helps instill responsible spending habits. They learn the value of money and the importance of prioritizing needs over wants. This understanding can help prevent impulsive spending and debt accumulation in the future.
Goal Setting
Whether it's saving for a toy, a bike, or college tuition, understanding the concept of setting goals and saving for them teaches children the importance of patience, discipline and delayed gratification.
Preventing Financial Losses
Lack of knowledge can lead to costly mistakes in adulthood, such as overspending, accumulating debt, or falling victim to financial scams. By teaching kids about money from a young age, parents and educators can give them the tools to help avoid these pitfalls.
Teaching kids about money is essential for their long-term financial well-being and gives them the knowledge and confidence they need to make smart financial decisions throughout their lives.
02/23/2023
What is Financial Wellness?
I think I’ve always managed my money fairly well. But I spent many, many years living paycheck to paycheck and having to borrow from my parents if something came up…
04/24/2023
Mobile Pay & Digital Wallets
My teammate flashes her Apple Watch wherever she can – gas pumps, Subway, the vending machine… But, a lot of people don’t know about mobile pay or understand how it works.
01/17/2023
Credit Cards & Interest Rates
A few weeks ago, I was paying for purchases in a retail store and was asked if I wanted to apply for their credit card. I said I wasn’t interested, and the cashier replied, “Good. The interest rate is 30%! Can you believe that?!”