SAVVY SHOPPER TIPS Tip #1: Think Before You Buy Ask yourself: "Do I really need this? Is this the one I want and will I still really, really want or need it in a month?" It’s your money – really think about what you want to spend it on. Tip #2: Compare, Shop Around Is there a store that carries ...
What does Pay Yourself First Mean? Pay Yourself First means that any time you receive money, you should immediately set aside a portion to save. Why should you 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 at ...
On Wednesday, February 24th, 100 students from three Denver and Aurora Public Schools were treated to a live webinar with NBA basketball legend, Ervin Johnson, and the President and CEO of Young Americans Bank, Rich Martinez, Jr. The event was part of the Nuggets Math Hoops program and was hosted by Coach Calvin of Learn Fresh Education. Fielding students on-point questions, Johnson and Martinez got right …
“Time is money” is a familiar expression. When it comes to saving, a plan where you start with less money early will often have greater ultimate value than saving larger sums later. The additional time matters because of compounded interest, a concept that is known as the time value of money. One of the best financial habits you can form …
Experts agree: saving is important. So today Young Americans Bank shares a great tip for growing your savings: 70 / 20 / 10! You might notice that 70 + 20 + 10 = 100. These numbers correspond to percents that you can use any time you receive money: Some kids receive money as an allowance. Some earn money because they …
The events of the last year have had a financial impact on families across our country, regardless of income. The Bureau of Labor reported a 6.7 percent unemployment rate in December, and The Commonwealth Fund estimates that 7.7 million people lost their jobs between March and June. CNBC reported in September that 60% of businesses that temporarily closed because of …
What is a Register? When you open a savings account or a checking account, one thing you’ll receive is a register. 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 …
Happy New Year from Young Americans Bank and Center for Financial Education! We are so excited for the new year and remain committed to our mission of ensuring youth receive the knowledge to become financially self-sufficient, more productive citizens, and active participants in our free enterprise system. I am extremely proud of the Young Americans team for the work that …
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, …
