April is here and it’s one of our favorite months at Centric! Each Spring, Centric and other credit unions around the country celebrate Youth Month during the month of April. This year, our theme is “Be a Credit Union Saver, and Your Savings Will Never Go Extinct!”
All month long, we’ll be doing fun social media giveaways and more during this special time. To encourage saving at an early age, we’re waving the Membership Fee on all Youth Savings accounts AND the first deposit is on us.* Our Kidz Saver account is designed for ages 17 and under and is a great way to get your little ones in the habit of saving. To learn more, visit mycentric.org.
But that’s not all…. We’re also waiving the Membership Fee on all Student Checking accounts and covering their minimum balance!* Our Student Checking account is designed for members age 13-17. With this account, students can learn how to manage their money by building good spending habits. Click here to learn more.
This month is going to be RAWR-some and we hope you’ll join the fun! In the meantime, check these fun ways to teach your little ones about money ---
Play Board Games
Classic board games like Monopoly (or Monopoly Junior) and Life teach kids about purchasing real estate, saving up for retirement, loans and more. These games and more, teach kids the different values of bills and coins, how to handle money, and even economics.
Play Store
Purchase a toy cash register and set up a store using everyday items in your home. This is a great way to teach your little ones the basics of counting money and managing prices.
Bring them with you to Your Financial Institution
Bringing your child along on your next trip to the bank and showing them how to make a deposit or withdraw money are great ways to show them how money and saving work. Kids LOVE our coin counters!! Let them empty their piggy bank and bring in their change to be counted and deposited into their account.
Couponing
Let your kids tag along with you on your next trip to the grocery store. Allow them to help you create a list and focus on sticking to a budget. Take it a step further by setting them up with couponing apps like Ibotta. Your kids can see how easily they can earn money just by doing their research and scanning receipts into the app. Giving them the money they’ve saved you is a great way to reward them for helping out.
Show them the value of time and giving to the less fortunate
Whether it’s donating a box of old toys or clothes they’ve outgrown, teaching kids the importance of giving back at a young age is important. Furthermore, let them participate in dropping off the donation themselves gives them a sense of pride in giving back.
Centric Federal Credit Union is based out of West Monroe, with five locations throughout the Twin Cities, as well as Ruston. Membership is open to anyone who lives, works, worships, or attends school in Ouachita or Lincoln Parishes. At Centric, you’ll not only live better, but you can ensure you’ll bank better, too. With rewards-based checking and savings accounts, personal loans, credit cards, business services and so much more, Centric strives to provide the best, most consistent service and solutions to everyone who walks through our doors to help them live their best life. Learn more at www.MyCentric.org or follow us on social media @MyCentric for Weekly Financial Tips and more!
*Kidz Saver Youth Savings Account for ages 17 and under. Student checking accounts for ages 13-17. Will waive the $3.00 membership fee per Kidz Saver or Student Checking account opened. $5 initial deposit per Kidz Saver account/$25 initial deposit per Student Checking account. See Credit Union for complete details. Federally Insured by NCUA.
