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Compound Interest: How Your Money can Work for You!

Owen Lennon Bank Leave a Comment

“Time is money” is a familiar expression. When it comes to saving, a plan where you start with less money early will often have greater ultimate value than saving larger sums later. The additional time matters because of compounded interest, a concept that is known as the time value of money. One of the best financial habits you can form …

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Resolve to Talk About Money With Your Kids This Year

Janet Redwine General 1 Comment

The events of the last year have had a financial impact on families across our country, regardless of income.  The Bureau of Labor reported a 6.7 percent unemployment rate in December, and The Commonwealth Fund estimates that 7.7 million people lost their jobs between March and June.  CNBC reported in September that 60% of businesses that temporarily closed because of …

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Happy New Year from Young Americans

Rich Martinez General Leave a Comment

Happy New Year from Young Americans Bank and Center for Financial Education!  We are so excited for the new year and remain committed to our mission of ensuring youth receive the knowledge to become financially self-sufficient, more productive citizens, and active participants in our free enterprise system. I am extremely proud of the Young Americans team for the work that …

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Concept of the Month: Savvy Shopper

Natasha Rea Bank Leave a Comment

The holidays are quickly approaching, so today Young Americans Bank brings you our tips for savvy shopping!  Whether you’re looking for the perfect gift or you’re looking to spend some money you’ve been gifted, these tips will help you save money. Think before you buy Do you really need this? Is this the one you want and will you still really, …

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A Dream Job at Young Americans Bank

Janet Redwine Bank 4 Comments

For Loan Officer Natasha Rea, working at Young Americans Bank is her dream job.  She just became the Bank’s new Loan Officer, so I sat down with her to learn more about her passion for youth financial education.  You could argue that Natasha Rea grew up at Young Americans Bank.  Her mother worked in the Accounting department, which meant that Natasha became knew the Tellers …

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Concept of the Month: Debit versus Credit

Natasha Rea Bank Leave a Comment

These two words sound similar, but in fact they are very different: debit and credit.  This month, Young Americans Bank introduces these two concepts to help youth understand what they are and how they are used in the banking world. Credit The term credit relates to borrowing.  When using a credit card, you borrow money from the credit card company to …