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Youth Advisory Board Co-Chairs: Gabe Nagel and Hannah Reyes

Patricia Wells Bank, General, Get Involved Leave a Comment

The Youth Advisory Board originated shortly after the opening of Young Americans Bank. Bill Daniels liked having youth involved during the development of the bank and its offerings. He valued their opinions and treated them as knowledgeable and valuable advisors. Over the next several months, you’ll be introduced to each of this year’s Youth Advisory Board members. They are taking …

Money Background

Concept of the Month: Making a Budget

Patricia Wells Bank, General Leave a Comment

What Is a Budget? People make decisions about what they can afford, or have enough money to pay for, based on a budget. A budget tracks the amount of money you have, the amount you earn, and the amount you spend. Budgets aren’t just for adults. Kids can make budgets, too. Budgets can help kids figure out how to get …

Money Background

Concept of the Month: Fun Facts About Coins

Patricia Wells Bank, General Leave a Comment

Do you know why there are ridges on the edges of coins?  Coins have ridges to prevent counterfeiting. For centuries, coins were made of gold and silver. Criminals would carefully file shavings from the sides of coins and sell the precious metals. While illegal, it was difficult to catch because coins were irregularly shaped due to crude manufacturing methods. To ...
Money Background

Concept of the Month: Credit Smarts

Patricia Wells Bank, General Leave a Comment

WHAT IS CREDIT? As much as we wish credit was 'free' money, credit is actually borrowed money that you have to pay back. Not only do you have to pay for the purchases you make using credit, but also the fees and interest that the credit card company (or lender) charges for you to use credit. Credit is generally defined ...
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Concept of the Month: Investment Info and Stock Market IQ

Patricia Wells Bank, General Leave a Comment

Have you ever wondered what the stock market is and how it works? When people buy stock, they actually buy a small portion of a company (like Mattel, Kellogg’s, Nintendo, Disney or Apple), and when they perform well, the stock becomes more valuable. When companies do poorly, however, stock value declines. When you sell a stock whose value has increased, ...
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Concept of the Month: 10 Important $ Rules

Patricia Wells Bank, General Leave a Comment

Good money management skills can be developed at an early age! As a young adult, you can master money management by closely following these ten financial rules. 1. Money spent must never exceed available income. 2. Save part of all the money you receive. 3. Put your money to work earning interest. 4. Avoid borrowing because interest charges are added ...
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Concept of the Month: Wanna Be a Millionaire?

Patricia Wells Bank, General Leave a Comment

The best way to accumulate wealth is to start NOW! Save your money, get a summer job, invent something the world can't live without, or start your own business. Here are some savvy summer job ideas to get you started: CLEANING SERVICES: Washing windows, washing and waxing cars and boats, cleaning pools, cleaning aquariums, cleaning garages, cleaning small shops and ...