April is Credit Union Youth Month

What's the first step to helping kids learn healthy habits about money matters?  Open a Savings account in their name!  You can help a child in your life get started, one small step or one giant leap at a time.  

Help young ones learn about financial literacy by exposing them early to the idea of sound money habits. Wondering where to start? Here are a few ideas to help get you started:

• Earning Money: This fundamental concept helps them understand the value of money and the effort needed to earn it. Encourage them to earn money by doing house chores or other jobs around the house.
• Setting Savings Goals: Help them plan for things they want to buy, like a new toy or game. A simple piggy bank and writing down how much they have saved versus how much they need will help! They can also open a savings account at the credit union and learn to start banking. 
• Counting Money: Instill money-counting skills using different coins and notes. Depending on their age, introduce them to various payment methods, including cash and mobile payments, explaining how each transaction is completed.
• Charity and Gifts: Encourage them to spend part of their money on charity or buying presents for friends, fostering a sense of generosity and community belonging.
• Delayed Gratification: Teach them the value of hard work and the benefits of saving for something they want rather than making impulse purchases.

By incorporating these money lessons into your child's routine, you can pave the way toward their financial success.

Looking for more ways to teach children about smart money management? Check out our website for more tips.

Better yet, get them started with a kids savings account at the credit union! 

• Only $5 to open
• $5 minimum balance
• No monthly or annual fees
• Birthday card and deposit match offer during your child's birthday month

You'll need the child's Birth Certificate, Social Security Card, and a joint owner on the account. Stop into one of our locations in Sparta, West Salem, or Tomah to open a Youth Account during the month of April to celebrate Credit Union Youth Month!