Each month we pick on concept to focus on in Young Americans Bank. During December, we realized that, with people spending lots of money on gifts for each other, it’s easy to forget to spend money yourself! That’s why we’re promoting” Pay Yourself First,” the best way to think about saving for the future. What does “Pay Yourself First” mean? …
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 …
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: …
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. …
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 …
Our Concept of the Month for May connects with the Red Cross of Colorado’s “Turn the State Red” campaign. We’re focusing on Philanthropy this month, and we have many ways for you to give back. We’re part of the Red Cross of Colorado’s 100th birthday celebration — and you can be too. We have canisters at each of our …
Debit and credit cards are all over the place, but do you know how to use them? This month at Young Americans, we’re talking “Credit and Debit Smarts,” which includes the cards. Here’s some basic information that’s helpful for our customers ages 12 to 16 who might be interested in applying for one of these cards. Debit Cards Debit cards …
Each month we explore a different Concept of the Month. In March we’re working on planning and saving. What kinds of things are coming up for which you will need money? School clothes? End-of-summer vacation? College? How are you going to get that money? You need a plan! Try a spending plan like the one below that will help you figure out how much money …
This month at Young Americans Bank, we’re talking about credit. It’s not “free money” as some young people may think. Credit is the borrowing of funds with the intent of paying them back. In almost every case, there is a charge for borrowing the funds. The charge is usually in the form of fees and/or interest. Credit is considered an …
