This handy infographic from National Credit Union Administration highlights some of the ways to teach young people the importance of saving:
It’s your child’s turn to save!
Do you have a young one who’s ready to start saving? Our award-winning Tracker Kids Club teaches children age 12 and under the importance of saving money. Tracker typically earns twice as much interest as adult accounts, and as an extra incentive, we give kids a stamp for every $10 they deposit. They can use these stamps to earn cool prizes.
All Tracker members receive a birthday card in the mail with a double-points offer and invitations to free events held throughout the year. We also do a $10 drawing each month for kids who make a deposit of any amount that month. At the end of each school year, we give club members in kindergarten through sixth grade $1 for every ‘A’ they receive (up to $10 total) in the first and last semesters in English, math, science, social studies and one other subject.
Arsenal also offers free financial education presentations. Altogether, we’ve reached close to 6,000 students and given over 300 presentations over the past five years.Upon request, we are able to deploy our experienced youth financial education specialist and certified educator in personal finance (CEPF), Jenny Remes, to schools that are located within several miles of our branches. Find out more: email Jenny Remes at firstname.lastname@example.org or call at 314.919.1006.
We sponsor a web-based financial literacy program through EverFi™ for students at four local high schools: McCluer North, Fox, Windsor and Seckman. In the past, we’ve done the same at Ursuline Academy and Affton. This cutting-edge program uses the latest in new media technology – simulations, avatars, gaming and adaptive-pathing – to bring complex financial concepts to life for today’s digital generation.