April is Youth Month!
April is the Credit Union National Association's Youth Financial Month, and this year's theme is "Give a Hoot About Saving!" Parkside takes pride in helping our young members build a strong and secure financial future! You, as parents, also play a huge role in teaching your children about money. The first step to teaching your kids about money is talking about money.
So how to start the talk?
Ask questions. If you’re going out to eat, talk about the price difference between the options, and ask them which they would choose. If they select the more expensive, talk through what you might have to give up later in the week.
Make them part of your budgeting. If you’re doing any kind of financial planning for the year, solicit input from your kids. Enlist them in your saving goals—no one watches you more closely than your kids, so they’re natural accountability partners! If you’re uncomfortable revealing too much of your financial picture, you can keep the discussions high level, but involving them makes money less abstract.
Open a youth savings account at Parkside! This is the best way to help them to learn to save for what they find meaningful in life. A lifetime of good savings habits can start now! Did you know that if you open a youth account with a $10 deposit, we'll match it?