All parents want to ensure their children have every opportunity to succeed in life. Teaching teens how to build credit positions them to take advantage of lending opportunities as young adults. Unfortunately, people between 18 and 25 years old, identified as Generation Z, have the lowest average credit scores of any demographic at 679. But by better understanding why establishing creditworthiness early is important and taking the steps to acquire a good FICO score, your child could enjoy greater financial success.
It’s Never Too Early When it comes to learning good money management tips; it's truly never too early to get started. In fact, learning how to save and spend wisely when you're young gives you great insight on how to best handle your finances and will help you build a solid financial future for years to come. By the time you graduate from high school and are headed to college or looking to begin a new career, you should be prepared to earn money as well as how to properly spend and save it. Here are some basic money management tips to help savvy young adults make the most of their income no matter how much money they're making.
While everyone is telling you in your 20s that you have your whole life ahead of you and you are young. Do not underestimate the importance of the financial decisions you make in your 20s. Making smart money moves when you are just starting out in life can make all the difference in the success of your financial future. A few smart choices and strategic cutbacks in your 20s may actually help you have the means to have an even better quality of life in the future.
High school life is FULL of choices and change. Students trying to figure out where they want to go to college, playing sports, joining extracurricular clubs, and just life overall. With everything going on, it's easy to overlook any thought to finances since realistically speaking, most high school students are limited to allowances or income from a part-time job. If you have a job or even an allowance; it is time to start learning about financial planning for your future. When you are in high school, the financial choices you make can affect your adult life, so learning some smart financial planning tips now is crucial.
Making informed decisions has never been more difficult. We live at a time when internet-driven misinformation clouds issues and perpetuates myths. This holds particularly true when trying to make an intelligent credit union vs bank choice. However, a fact-based deep dive shows that people from all walks of life may be better served by working with a local credit union.
The financially carefree days of college students are quickly disappearing in the rearview mirror. Wide-reaching surveys indicate upwards of 70 percent of college students experience stress about money before graduation. It almost goes without saying that this newest generation may not be overly welcoming to “advice” from their parents or grandparents. After all, those are the people who suffered massive student loan debt, a subprime mortgage crisis, and the Great Recession.
If you want your child to be a financially responsible adult, get started today by teaching them how to properly manage their money. Teaching your children how to earn, manage, and save money will provide them with the fundamental tools they need to achieve financial success in the future. Opening a kids savings account for your children is a great way to educate them about money and start early healthy savings habits. Here are some of the ways a kids savings account can help your child grow into a money savvy adult.
The American Pet Products Association (APPA) has released new annual industry-wide spending figures, which exceeded the previous year's spending by more than $3 billion. Americans are showing love for their pets as never before.
Today's organic shoppers are more mainstream and diverse than most contemporary stereotypes of pro-organic shoppers, according to a recent survey conducted by organic produce firm Earthbound Farm.
Membership in America’s Credit Union is open to anyone who lives or works in Dallas, Rockwall or Collin Counties, Texas, and their family members. Employees of select employers may also be eligible. See our Membership page for details.