FABULOUS FEBRUARY
In honor of Black History Month, this tip is regarding the color Black STAYING IN THE BLACK Black is always in style! In the clothes you may wear, the cars we drive, in various decorations and in your bank account! Did you know “being in the black” means that you are financially sound? Yes, “being […]
JUMPING INTO JANURARY
$TIMULATIING TIPS FOR TEENS As we start the new year and set new goals for ourselves, I want to suggest an easy strategy to help. Learning The SMART acronym What Does the SMART Acronym Stand For? Specific Measurable/Meaningful Achievable/Attainable Relevant/Realistic Timely Be Specific about what you need/what and why you need/want it. How is this Specific […]
December’s $timulating Teen Tips
Have you ever heard of “money personality” Do you know what your money personality is? Listed are the five most common types. Avoider: Someone who takes a long, long amount of time to decide to make a purchase Collector: Someone who reinvests the money he/she has earned Miser: Someone who does not like to spend […]
September’s Stimulating Tips for Teens
Banks vs Credit Unions Consider these little-known facts. If you have an account at a credit union, you are considered a member of that credit union. You have the right to vote on who makes the decisions at your credit union. Credit unions often have lower interest rates than banks, which can make a difference […]
August Stimulating Tips for Teens’
Credit Card vs. Debit Card Which will you choose to use? Credit cards: are a convenient way of borrowing to purchase goods and services. Part of the agreement in using a credit card is that you must pay back a percentage of the amount charged. This payment amount will include an additional finance charge, this […]
Stimulating Tips
How is your savings account doing? We previously mentioned paying yourself first by setting something aside in your savings account. What are your savings goals? Savings for your child. Saving for a car or a better car Saving for college expenses Saving something for an emergency You can never save enough for your child or […]
Stimulating Tips
Do you understand how to budget your money? Consider budgeting based on what you NEED vs. what you WANT Think about the fact that you need cash on hand until you get paid again. Do you need that new pair of shoes, or do you want them? Do you want a new cell phone, or […]