{"id":3927,"date":"2021-04-02T13:55:53","date_gmt":"2021-04-02T18:55:53","guid":{"rendered":"https:\/\/nrccu.org\/?p=3927"},"modified":"2024-12-03T11:55:00","modified_gmt":"2024-12-03T17:55:00","slug":"national-credit-union-youth-month","status":"publish","type":"post","link":"https:\/\/dev.wafishermn.com\/nrccu\/2021\/04\/02\/national-credit-union-youth-month\/","title":{"rendered":"Credit Union Youth Month"},"content":{"rendered":"

Teaching your kids the importance of money is very important and, starting at a young age can implement great life skills early on. As a parent or guardian, it is your job to teach your kids good money management skills. This can seem like a big and scary task, but we have a few tips and tricks to help you accomplish this parenting task.<\/p>\n

A few ideas that both you and your kids could start include:<\/p>\n

    \n
  1. Use a clear jar to save money in.
    \nUsing a clear jar, rather than a cute pink piggy bank – allows the kids to physically see the money that they are putting away grow.<\/li>\n
  2. Show them that things cost money.
    \nIf you are out shopping, and they (the kids) want a toy, have them bring their own money that they have saved to use towards it. Starting small and building up to bigger things helps them understand the value of money. Going forward, this will help kids understand that if they buy \u201cx\u201d, they will have less money to buy \u201cy\u201d. And therefore, having to make decisions about which is more important to them.<\/li>\n
  3. Lead by example!
    \nLeading by example is key to many things throughout life. As an adult, you have more money than kids, but if you limit your impulse buying, it will help your kids do the same. Thinking about \u201cneed\u201d rather than \u201cwant\u201d can lead to good money management skills as they grow up.<\/li>\n
  4. Set them up with their own bank account.
    \nBy the time your kids are teenagers, you should get them set up with their own bank account. This is the next level to money management and will hopefully prepare them for a much larger account as they become an adult and will teach them the responsibility of their finances.<\/li>\n
  5. Help them make their own money.
    \nGetting your first job is usually both exciting and scary for kids. By helping and encouraging them to find and apply for their first job this will lead to a healthy work ethic.
    \nSeeing their bank account grow as they continue to add in their hard earned paychecks, is a very rewarding feeling!<\/li>\n<\/ol>\n

    Stay tuned on our Facebook for more fun and knowledgeable ways to teach your kids of all ages the importances of money!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Teaching your kids the importance of money is very important and, starting at a young age can implement great life skills early on. As a parent or guardian, it is your job to teach your kids good money management skills. This can seem like a big and scary task, but we have a few tips […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3927","post","type-post","status-publish","format-standard","hentry","category-whats-new"],"yoast_head":"\nCredit Union Youth Month | NorthRidge Community Credit Union<\/title>\n<meta name=\"description\" content=\"Teaching your kids the importance of money is very important and, starting at a young age can implement great life skills early on. As a parent or guardian, it is your job to teach your kids good money management skills. This can seem like a big and scary task, but we have a few tips and tricks to help you accomplish this parenting task.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.wafishermn.com\/nrccu\/2021\/04\/02\/national-credit-union-youth-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Union Youth Month | NorthRidge Community Credit Union\" \/>\n<meta property=\"og:description\" content=\"Teaching your kids the importance of money is very important and, starting at a young age can implement great life skills early on. As a parent or guardian, it is your job to teach your kids good money management skills. 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