First Credit Union

529 plans are tax-free and can help families save for higher education. The earlier you start saving for your kids' higher education, the more time it will have to compound and grow—giving your kids a head start in funding their future education. #CUYouthMonth

Board games like Monopoly or the Game of Life encourage kids to strategize––teaching them the importance of budgeting, saving, and planning for the future, all while masquerading as fun games. #CUYouthMonth

Traditional savings accounts offer a tried-and-true way for people to store money. If you want to start saving for your child's future, open a youth savings account at your local credit union! #CUYouthMonth

One of the reasons people save in their employer's retirement plan is the company's match. To motivate your children to save, use a similar method. If they're saving for a particular item, consider offering matches when they hit certain savings milestones. #CUYouthMonth

Use a clear jar for savings instead of a piggy bank. Tell your children, "Once the money reaches the top, you can use that money to buy something." They will be able to monitor their progress, experience delayed gratification, and learn the importance of saving. #CUYouthMonth

With lower fees and higher savings rates, a youth savings account at your credit union can help kids lay the foundation for future financial success. #CUYouthMonth

Children are more motivated to save their money if they have a specific goal in mind. Help them set their sights on something to save up for, remind them of their goal when they get an inclination to spend, and watch as they experience the thrill of accomplishment! #CUYouthMonth

🌟 It's Credit Union Youth Month! 🌟 Parents, introduce your kids to financial literacy through fun activities and lessons on saving, budgeting, and planning for the future. Stay tuned for exciting ways to empower their financial journey! 💰 #CUYouthMonth

To understand what's considered normal, it can be helpful to look at both the conversations around you and relevant statistics. What works for one person may not be the best fit for another. Explore our Financial Wellness Center for more helpful resources. Link in our bio!

Thank you, Tom, for your loyalty and kind words! We're so grateful to have had the opportunity to serve you for over 40 years. At First Credit Union, we're committed to always being here for you, and we're thrilled to hear we've been able to meet your needs! #FinancialSunshine