Celebrate National Credit Union Youth Month and Financial Literacy Month!
Promoting the financial health of our youngest members
April is National Credit Union Youth Month and Financial Literacy month. Celebrate with us as credit unions across the country focus on educating youth about financial health.
Here are some great ways to teach your kids about money.
- Youth Savings
- Youth Checking
- Youth Certificate
Financial Literacy For Kids
1. Play Games That Involve Money
One of the best ways to teach a lesson is by doing so without your child even realizing that they are learning. Play games that include a financial element like Monopoly or Life and help them strategize during the game. This will help your child learn the importance of budgeting and planning for the future, all under the guise of play.
2. Make A Wish List with Your Child
An essential part of financial literacy is creating a set of priorities. We can’t have everything we want all at once, but we can achieve our goals over time if we plan ahead. This is a great lesson that children can learn. Sit down with your child and have them list five things they want. Then have them rank them from most important to least important.
3. Teach While You Shop
Take your child shopping and actively explain your decision-making process. When you arrive at the store, tell your child how much money you have to spend and what your priorities are. Show them why you are picking one item over another and explain things like discounts and coupons.
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Read the SafeAmerica Blog During National Credit Union Youth Month and Financial Literacy Month
During the month of April we will be sharing blog articles with financial concepts geared towards helping introduce the importance of developing foundational financial habits for youth to use during their adulthood.
April 1 - Financial Literacy For Kids
Parents serve as liaisons for the “real world” and teach for things to be on the lookout for. It’s beneficial to make mistakes under a parent’s supervision rather than in the “real world” where someone can take advantage of their inexperience. So encourage free thought, take their questions and interest as opportunity to teach them concepts that they could use during adulthood. Continue reading here.
April 11 - Financial Terms To Teach Kids
It’s never too early to start teaching your kids about finances. After all, it is a topic they will use for the rest of their life. Breaking down some the key financial terms will help them have an understanding of a few fundamental concepts. Continue reading here.
The Future Looks Bright
This high yielding certificate is available for ages 23 and under. Opening a youth share certificate is the perfect way to help them get a big start on their financial future.
12 Month Youth Share Certificate
- $1,000 minimum and maximum
- Limited to one youth share certificate per member
- Upon maturity, the certificate may roll over at the current rate, roll over into a share savings account, or can be withdrawn
- Your child must have their own SafeAmerica Credit Union share account with a $25 minimum balance
*APY (Annual Percentage Yield) as of 4/1/20. Only one Youth Certificate per member. Existing Youth certificate will be renewed into a regular certificate at the rate in effect at that time for 12 months, not the high-yield Youth Certificate. Once the certificate is opened the rate remains fixed through maturity. Early withdrawal penalties apply.