Financial Education

Financial education is important for everyone, and learning about money management at an early age can help our young people make informed decisions and avoid potential costly mistakes in the future. Developing healthy financial habits early can lay the foundation for a stable and prosperous financial balance in adulthood, while helping young people to navigate the complex world of finance with confidence.

Budgeting - Creating a plan to direct income towards expenses, savings, and investments will instill the value of money and help to establish good financial habits. Encourage the young people in your life to track income and expenses and understand why it’s important to have a budget based on their lifestyle(s) and how to live within their financial means.

Credit - Having good credit is helpful for getting loans, renting apartments, and can even affect your ability to get certain jobs. Building a good credit score can take time. Teach the youth in your life about credit scores, interest rates, and how to manage credit responsibly.

Investing - When it comes to investing, it’s important for youth to learn about the different investment options such as; stocks, bonds, mutual funds, and real estate. Teach them the risks and rewards of each option. It’s never too early to start learning about these topics.

Saving - Putting aside money for unexpected expenses, future needs, emergencies, big purchases, and retirement is essential. Additionally, saving a portion of income can teach young savers the power of compound interest and how money can grow over time.

By teaching our youth about budgeting, credit, investing, saving, and financing planning, together we will empower them to make educated financial decisions to build a stable financial future.