Below you'll find a list of all posts that have been tagged as “concept of the month”
Experts agree: saving is important. Â So today Young Americans Bank shares a great tip for growing your savings: 70 / 20 / 10! You might notice that 70 + 20 + 10 = 100. Â These numbers correspond to percents that you can use any time you receive money: Some kids receive money as an allowance. Â Some earn money because they …
What is a Register? When you open a savings account or a checking account, one thing you’ll receive is a register. Â Your register helps you keep track of your money so that you know exactly how much you have. How to use a Register It is very important to keep track of your own transactions in your register, and then …
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, …
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 …
It’s hard to step foot inside a bank without seeing the letters FDIC. And that’s for a good reason! The FDIC, or Federal Deposit Insurance Corporation, is an independent agency created to keep customer money safe. Today’s blog will explore how the FCID came to be and why consumers can trust banks that are members of the FDIC. In the …
What kinds of things are coming up for which you will need money? Â Holiday gifts? School clothes? Â Vacation? College? Â You can probably think of quite a few. Â How are you going to get that money? You need a plan! Try using a spending plan to help you figure out how much money you have coming in and how much money …
You may already know some interesting facts about our own U.S. currency, such as: $ The people and symbols that appear on our currency $ The materials our coins and cash are made of $ The shapes and sizes of our coins and cash But how much do you know about money from other countries? Foreign currency can be very …
The key to financial well-being is to spend less than you earn. Sometimes that can be more difficult than it sounds, so you should always make a budget and stick to it! A budget is a plan for using income productively. There are many things that you can use your money for, but we divide it into four different categories:Â …
