April 11, 2010
April: Youth Financial Literacy Month
April 2010 is Youth Financial Literacy Month. What are you going to do?
I encourage you to help the youth learn responsibilities of finances at an early age. Take the time to teach your child how to earn and budget their allowance. Show them the importance of saving and spending wisely. Learning savvy financial skills as a young child will prepare our youth for a fiscally responsible future.
Visit the public library for illustrative books that teach the value of money. Check your local credit union for products specifically for youth, such as a passbook savings or student checking. (Notice I didn't recommend a bank). Help your child manage the account. Remember, the goal is to make more deposits than withdrawals. It only makes cents!