April is Youth Savings Month!
We understand that fun in the sun is far more important to kids than saving money. But financial responsibility at a young age can be fun and rewarding. Stop into one of our branches with your kids so we can personally make opening their first savings account an exciting and memorable time. We look forward to making the first step in a lifetime of financial success with your family!
Time to sharpen your savings skills. Try these savings games, then enter our Youth Savings Challenge for a chance to win $100 & other prizes!
- Ask your parents to help you open your own savings account at the credit union. Keep track of how much money you put in and take out. That way you can see how close you are to meeting your savings goal.
- If you're saving up for something special, like a new bike or toy, hang a picture of it on the wall. This will remind you of your savings goal every day until you reach it.
- Ask your parents if you can plan a family event, like a trip to the zoo or an afternoon at a waterpark. List all the things that will cost money—like tickets, food, and souvenirs. Set a budget, and encourage everyone to stick to it when the big day arrives.
- Make a list of things you want to spend your money on. Put the list in order, starting with the things you want the most. This will help you figure out what you really want to save up for.
- Consider taking on a part-time job. Earning your own money can help you save for big goals, like car or college expenses.
- Talk to your parents about opening a checking account at the credit union. Learn how to use a debit card responsibly and track transactions. Those skills will come in handy when you leave home.
Stop into Tampa Bay Federal for more great ideas on how to sharpen your savings and money skills.
Financial Resources for Parents and Youth:
Youth Saving Challenge Brought to you By:
We will also be at the Summer Splash event at the Straz Center on April 6 with Tampa Bay Parenting Magazine. Come check it out!