Blog

Promoting Financial Literacy for Our Kids

May 7th, 2018

For many young people, planning for their financial future often falls to the back burner for a few different reasons.

First, as a young person, many other aspects of life and the future seem far more pressing to plan for than finances. Second, many young people don’t know how or where to begin when it comes to financial planning.

 
At TopLine Federal Credit Union, our focus is to educate and empower young people to learn more about money management.

We offer a few different youth financial literacy programs that are a part of an ongoing financial literacy initiative in our local communities to encourage kids and their parents to talk about spending and saving wisely called ‘Get Smart With Your Money’.

We offer programs for every age! Each seminar takes place at our Maple Grove Learning Center, click the links below to learn more and register:

  1. Building Dreams (Ages 5-8)
    In this program, kids will explore the concepts of spending, saving, and sharing.
  2. Dollar Power (Ages 9-13)
    For older kids, this program explores the concepts of:
    • Needs vs. wants
    • Planning and goal setting
    • Saving and paying yourself first
    • Spending wisely
  3. Dollars & Sense (Ages 14-18)
    Teens taking part in this program will explore the concepts of:
    •  Needs vs. wants
    • Planning and goal setting
    • Saving and paying yourself first
    • Sound money management using checking accounts and debit cards
    • Using credit wisely  

We also offer our TopLine Young Savers Accounts. Below you will find descriptions of our variety of Young Savers Accounts that are designed specifically for kids, teens, and young adults.

  1. Dollar Dog Kids Club
    Designed for kids 12 and younger, this account helps kids learn how to save, spend, and share their money wisely.
  2. Cha-Ching Teen Club
    Teens don’t just spend money at the mall anymore, they’re also making purchases on their phone and online. Our Cha-Ching Teen Club helps kids 13-17 develop financial responsibility.
  3. The Edge
    Designed specifically for young adults ages 18-22, this is an account for those on the edge of adulthood, which means managing your own finances. This account can help young adults manage money, understand credit scores, and learn how to prioritize their spending.

As you can see, we take youth money management seriously here at TopLine Federal Credit Union. We have you and your family's best interests in mind and do everything we can to give you top-of-the-line educational resources.

Keep in mind that an adult co-owner is required for account holder under the age of 18. If you’re not one already, become a TopLine member today and give your kids the money management skills they need for a successful future!