Sponsor Spotlight: Worldpay teaches kids credit vs. debit

Janet Redwine General, Get Involved, International Towne, Young AmeriTowne Leave a Comment

Do you know the difference between a debit and a credit card?  A surprising number of young adults don’t. According to a 2016 study done by LendEdu, 43% of college students couldn’t explain at least one difference between a debit and credit card.  Although the survey was small, only 455 students, that’s still a high number. Thanks to Worldpay, formerly …

Concept of the Month: Are You Credit Ready?

Natasha Rea Bank Leave a Comment

You’ve probably noticed that most adults have a credit card.  But you might be surprised to learn that many adults don’t use a credit card responsibly!  Young Americans Bank wants to help you understand what credit is and how YOU can use a credit card responsibly.  Then, we want to help you decide if you’re ready for a credit card! …

International Towne students gain hands-on experience using a credit card.

Credit Cards: Knowledge is power

Janet Redwine Bank Leave a Comment

U.S. News & World Report, a nationally recognized publisher of consumer advice and information, recently completed a nationwide financial literacy survey in order to get a comprehensive understanding about consumers’ experiences with credit cards. The results of the study reveal that many consumers don’t understand the basics of credit card ownership, such as credit score, interest rate and the consequences …

A student uses a debit card in AmeriTowne

Tales from Towne: Lessons in holiday spending

Michelle Macy International Towne, Young AmeriTowne Leave a Comment

With the holiday season quickly approaching, many folks are going shopping to find the perfect gifts for their friends and families. We are all trying to keep track of our spending and make wise financial decisions to protect our credit scores or our personal checking accounts. In Ameritowne and International Towne, students have a similar goal of recording purchases so …

Concept of the Month: Are You Credit Ready?

Young Americans Center for Financial Education Bank Leave a Comment

Each month in Young Americans Bank we focus on one financial concept and talk with all of our customers about it.  This month we’re discussing credit: what it is, how you build it, and how you use it. What is credit? So what exactly is credit?  Credit is defined as confidence in a borrower’s ability and intention to repay.  The …

Concept of the Month: Debit vs. Credit

Young Americans Center for Financial Education Bank Leave a Comment

This month we’re discussing the concept of credit versus debit.  At Young Americans Bank, you can apply for either card — or both — but it’s important to know the difference and how each can be used. Debit Debit cards are swiped like credit cards, but the money comes directly out of your checking account. Because this money comes directly …

Concept of the Month: Credit Smarts

Young Americans Center for Financial Education Bank Leave a Comment

This month we’re discussing credit at Young Americans Bank.  Be sure to stop by to pick up worksheets and learn more about the importance of credit. What is credit? Credit is the borrowing of funds with the intent of paying them back. Typically there is a charge for borrowing these funds. The charge is usually in the form of fees …

Sara Says: Kids Can Build Credit, Too

Young Americans Center for Financial Education Bank Leave a Comment

As adults, we know how important our credit score can be.  Many institutions, from lenders to potential employers, use this number to judge our level of responsibility.  Unfortunately, youth that are just starting out rarely have a history of credit.  I get a lot of questions from parents regarding how to help their children build credit without building debt, so …

Sara Says: Loans for the Little Ones Provide Big Life Lessons

Young Americans Center for Financial Education Bank Leave a Comment

In last month’s post on holiday savings, I mentioned that you may offer to help your child pay for holiday purchases. This doesn’t necessarily mean you have to fork over money you may never see again. In fact, you are well within your rights and providing an invaluable learning opportunity by offering your youngster a loan. Lending money to adult …

Tales from Towne: Welcome Back International Towne

Susan Stenhaug International Towne Leave a Comment

Hola!  Konnichiwa!  Privyet!  Shalom!  As students, carrying ceremonial flames  and flags representing their countries for the day, stand proudly in front of their peers to present greetings in their “native language” during an Olympic themed opening ceremony, I can’t help but wonder who these kids are going to be when they grow up.  As sixth or seventh graders, many of …