Credit cards are handy financial tools. They can be used nearly everywhere, so we don’t need to carry large amounts of cash. They also allow us to buy things today and pay for them over time. That’s okay, as long as you remember that you’ll have to pay back what you borrowed with interest added on. Continue reading
Are your kids on the right track to financial independence?
For many of today’s young adults, the weakest link lies in learning the basics. According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card, and 59% of teens do not have money management classes offered at their schools.
Achieving economic prosperity is difficult, and it’s especially hard for young people who’ve never learned how to manage money. Continue reading
What is Credit Union Strong?
Our month-long youth celebration is focused on the theme of Credit Union Strong.
Young people face a bewildering financial landscape in their immediate future—one where technology has made spending as easy as breathing and the cost of higher education continues to skyrocket. That’s why we believe it’s more important than ever to ensure our youth possess strong money management skills. Continue reading