Teaching Kids Finances
Updated: Jul 20, 2022
Whether you’re teaching finances to your kids, grandkids, or other loved ones, it’s essential to teach children how to manage their money and invest for the future. With a strong foundation that they can build upon, kids can master strategies such as investing, saving, and even credit and succeed confidently with their finances as adults.
Spending: The most essential money skill you can teach is recognizing that purchases cost money and that money is in limited supply. Since we can’t just buy everything we want, planning ahead and budgeting is a necessity in order to afford everything we need.
Saving: Do your kiddos know that saving is the secret to getting what they want? Creating and sticking to goals is key when it comes to saving with a purpose.
Investing: The earlier you start, the more time your money has to grow. Investing is a powerful financial tool to create future wealth.
In addition to these spending, saving, and investing activities, Noble Credit Union offers real-life lessons with our financial education tools - Banzai and Zogo. These resources reinforce the power of good financial planning for kids, teens, and adults in a fun and interactive manner. Visit our website, www.noblecu.com to learn, play for free, and even win gift cards this summer!
Establishing good savings habits early on can
set your child up for financial success.
Did you know that Noble Credit Union has youth accounts for children and teens? Set up an appointment with Martin to get your kids’ financial future started!
*Membership eligibility required as well as a valid CA DL or federally issued identification card. Must be 18 years or older, or have a guardian over 18 on the account. Savings account must be opened with a minimum $5 deposit. Federally insured by NCUA.