Credit is important in today’s world. We use credit cards to pay for purchases, and we must have credit to be able to take out a loan from a bank or financial services institution. This month, Young Americans Bank helps you learn all about credit! What is Credit? Credit is the borrowing of funds with the intent of paying them …
It’s important to start conversations about money with children early on in life. Teaching kids the basics — like needs vs. wants and budgeting — can be fun and is an invaluable step in laying a strong financial foundation for future decision making. My financial journey started when I was very young and is a trend I continued with my …
The Early Investor Catches the Worm You may have heard the saying that “time equals money” or “money equals time.” But, do you know what that means? In the world of investing, the earlier you start investing, the more money you’re likely to have at the end. In short, the longer you invest, the more money you’re likely to earn. …
Young Americans relies on the leadership and expertise of two Board of Directors that provide oversight and strategic planning for both Young Americans Bank and Center for Financial Education. This month, we are proud to introduce a member of the Young Americans Bank Board of Directors, Scott Simon. Simon brings 26 years of professional investment management experience to the Board. …
Learning how to save is important! As a kiddo you might not have many expenses, but if you can develop good savings habits now, you’ll be so thankful when it comes time to buy your first car or your first house. This month, Young Americans Bank brings you our tips for setting savings goals that you can actually reach! Setting …
Young Americans Bank welcomes a new Board Chair this year! Debbie Meyers, long-time Board Member of the Young Americans Bank Board of Directors, replaces Jim Steeples who retired from the Board at the end of 2019. Meyers’ experience and passion will allow her to excel in this role. After earning a B.S. in Economics, summa cum laude, from Iowa State …
As with any good habit, starting early in life and keeping up with said habit can help one become more successful. As it is the start of a new year and a time for new beginnings, why not have your students start out the new-year right with learning about a new, healthy habit? Learning about savings and starting good savings …
Is your piggy bank almost full? It might be time to deposit your savings to a bank! There are lots of reasons why it is better to save your money at a bank instead of at home. This month, Young Americans Bank brings you the most important! Safety Most banks have deposit insurance through the Federal Deposit Insurance Corporation (FDIC), …
Are you looking for a way to give back this holiday season? This month, Young Americans Bank has some ideas for how YOU can be a philanthropist! That’s a big word that means sharing your time, talent, or treasure to make your community a better place. It’s not as hard as you might think! Time It takes just a moment …
Money management skills can be developed at an early age, and Young Americans Bank is here to help! As a young adult, you can master money management by closely following these financial rules: MoneyMoney spent must never exceed the income available. Save a part of all the money you receive. Put your money to work earning interest. Avoid borrowing because …