A question we hear a lot at Young Americans Bank is, “How much money should you save?” This month we bring you our thoughts, and tips for how to save more wisely! When you’re thinking about how much to save, it’s helpful to think of these percentages: 70 – Spend! Spend 70 percent of your money. 20 – Save! Save …
This month, Young Americans Bank wants to help you better manage your money! One of the most important personal money management rules is to live within your income. To accomplish this, most of us need a plan for how we will spend our money. Here are 5 steps you can use to create a spending plan: Step 1 – Take a …
Guess who’s back? Back again?! The pigs are back, tell your friends! Yes indeed, you heard that right! Young Americans Bank has decided once again to host our summer scavenger hunt “Pigs Around Town” for the brand new Belmar Branch in Lakewood. Come spend the day in the Belmar shopping center and earn FREE MONEY for the summer! All you …
Pay Yourself First What does Pay Yourself First Mean? Pay Yourself First means that any time you receive money, you should immediately set aside an amount to save. Why Pay Yourself First? Once you deposit money into your savings account it is safer, and you’re less likely to spend it than if you keep it with you. When you save …
Maybe you (or your children) already have a savings account at Young Americans Bank. Did you know that children as young as 10 are eligible to open a checking account as well? If you’re wondering, “What is a checking account, anyway?” or “Why should I open a checking account?” we’re here to help! Read on to see if a checking …
Making a budget can be hard. But, when you make a practical budget and stick to it, you’ll find you have all the money you need for the important things you really want and need! Other reasons to budget include: When you make a budget and stick to it, you are less likely to squander your money on impulse purchases …
Happy National Financial Literacy Month from Lakewood! This April, Young Americans Bank in Belmar focuses on the importance of values and spending. You might be wondering, “What exactly does that entail?” Let’s start by asking what this statement means: Most people don’t plan to fail. They simply fail to plan. In most cases, people view spending as “purchasing of valuables.” …
In his weekly blog, Author Terrence provides recommendations for engaging activities for youth around the Denver metro area. Included this week is Young Americans Bank and Center for Financial Education! Read the full blog here.
Do you want something but don’t have enough money? Using this worksheet, you can set a savings goal, figure out how much you can save each week or month, and find out how long it will take you to get to that goal. Why should you have a savings goal? Read on… If you don’t set a goal, chances are …
Greetings from the Far-northeast branch of Young Americans Bank! Spring Break is just around the corner, so we’d like to share some ideas on how you can earn and save rather than spend throughout the week. First, here are some simple and easy ideas to help you make some extra money this Spring Break: Baby sitting Walking the dogs/Pet sitting …