The Centsables Savings Program For Kids
- Click on the cents 1.0 button for children 12 and under
- Click on the cents 2.0 button for teens
- Click on the cents 3.0 button for millennials
- Click on the cents 4.0 button for financial wellness tips for Adults
- Click on the cents 5.0 button for the Mature Adults' guide to financial security
- Play educational games
- Watch the Centsables animated video series
- Read Centsables comics and books
- For Parents, we offer a guide to introducing financial literacy at home, financial glossary, and more!
- Teens and Millennials may select cents 2.0 or cents 3.0 to learn smart money management skills that will help them be financially successful in life
- For Adults and Mature Adults there is information on subjects including Credit, Insurance, Protecting Personal Information, Retirement Planning, Senior Housing, and more.
How Does The Centsables Savings Program At 1st CCU Work For Kids?
- Open a Centsables Youth Savings Account with as little as $5.00*
- Your child receives a Welcome Packet with their new Centsables Savings Account
- Each Centsables account holder receives a punch card to track qualifying deposits
- Kids get a free pencil when they deposit to their account
- Redeem punched cards for prizes:
- 2 punches = Small prize
- 3 punches = Book
- 5 punches = Large prize
Why Open A Youth Savings Account?
Every child dreams about their future, and some of those dreams may require money to come true. As a parent, you want your children to achieve their dreams. Children as young as five may have already formed distinct emotional reactions about spending and saving money. Parents can help by teaching and encouraging kids to develop good financial habits. Start by setting small goals with your child. Saving money can become a regular habit and the sense of accomplishment when achieving a goal can boost your child's self-esteem.
Achieving economic prosperity is difficult, and it's especially hard for young people who've never learned how to manage money.
- Join. For starters, open a credit union savings account for each child in your family. As soon as your children can write, have them fill out deposit and withdrawal slips. Guide teenagers through using a debit card and tracking transactions.
- Share. Include your children in household money discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cell phone plan, calculating the total monthly cost of owning a car, or sticking to a budget for back-to-school or holiday spending.
- Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self-help make 1st Community Credit Union and all credit unions a natural partner in pursuing financial security.