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 …
With the holiday season creeping up on us, it’s time to start your gift shopping. But wait! Do you know much you’ll spend for each person in your family? Do you even know how many gifts you’ll need to buy? We’ll get you on the right track with our November Concept of the Month, Savvy Shopper. Here are a few …
The 2014-2015 Youth Advisory Board term is in full-swing, and the 16 members of the board are getting settled into their roles. On Saturday, the board had their third meeting of the year, plus a fun lunch social afterwards. Each meeting is structured similarly, with a guest speaker at the beginning, and board business during the second half. In September, …
We recently connected with Sam Renick, a long-time fan of financial literacy for young people. He wrote these great words of advice to parents for talking to kids about finances, and generously agreed to let us share his tips here. The original post can be found here. Mastery requires repetition, so does the development of great money habits. A …
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 …
Every month we discuss a different concept in Young Americans Bank about personal finance. This month, we’re talking about a Spending Plan. One of the most important personal money management rules is: Live within your income. To accomplish this, most of us need a plan for how we will spend our money. Here are 5 steps to create a Spending Plan: …
August 3rd, 1987 Young Americans Bank became the first and only bank of its kind, one that caters to a very specific clientele of kids ages 0 to 21. This year Young Americans will be turning 27 and over the years a lot has changed, not only at Young Americans but in society as well. This got me interested in …
You don’t have to be old or have a college degree to be an inventor. Look at these kids! They did it and you can do it too! Mattie Knight- Mill Safety Device, age 12 – She developed a device to shut down a machinery mill when it malfunctioned. She was also the first woman to receive a U.S. Patent. …
Want a fun way to earn money for your savings account while also getting fun prizes along the way? Then join us in our Pigs Around Town summer-long scavenger hunt! Fifteen large pig cutouts will be found at various locations throughout Green Valley Ranch and Montbello; all you need to do is take a picture with them. Here’s how it …
Each month we focus in on one financial topic to help our customers learn more about their personal finances. During the month of June, we’re discussing investing. We’re talking about different types of investing, and how risky each can be. It’s important to do lots of research before deciding what investing works best for you. However, this is a great …
