The best time to start saving is NOW! That’s why we want to start investing in our youth and encouraging them to make smart financial choices. So, for the month of April, ALL youth ages are eligible to earn $25 for their DCTFCU account.
Please email all responses to the questions to: [email protected] or [email protected]
Each age group will be required to complete a short remote learning experience through our Financial Wellness Center for the $25.00 deposit. The age groups are split into 3 groups. 0-5, which is mainly for the parents of children; 6-12, for the young child; and 13-17, lessons for older children. Each age group will be required to read the attached articles and complete questions associated with those articles or courses. Please email the completed questions/assignments to [email protected] or [email protected] with the subject “Youth Month.” Be sure to include both your name and your child’s (or grandchild’s) name as this is the only way we will be able to know who to apply the monetary credit to. (If you are older with your own email address or phone, please include your full name as well). We will also be sending out an email with this information, direct links and the questions so feel free to respond to that email with your answers if you find that to be easier. The money will only be deposited into the child’s account so if the child does not have an account, you are welcome to open one at any time! Please be aware that the $25 is only deposited upon completion of the assignments, not just from opening an account. Don’t forget! Also, upon completion of the questions, each participant will be entered into a drawing to win a brand new pair of Apple AirPods! First, all ages will be using the FINANCIAL WELLNESS CENTER. You are welcome to click this link to access the articles or courses or use the direct links attached. Below are details for earning the $25 deposit for each age group:
AGES 0-5 (please include your children if you believe they can comprehend): Email the answers to the following questions along with your name and your child’s (grandchild’s) name.
Access the “Income and Expenses” article here.
- __________ is any money that you receive.
- __________ are the things you may not need to survive, but that make your life more enjoyable.
- People save money for many different purposes, including big-ticket purchases like _____, ________, _________, _______, & _________.
- If you have regular income from a job, set up _________ _________ to a savings account from your checking account.
- True or False: Getting a handle on your savings goals, strategies, and savings account options can set you up for long-term financial success.
AGES 6-12: Email the answers to the following questions along with your name and your child’s (grandchild’s) name. These assignments may be slightly more complex than your child’s age. Please help them complete them and allow them to be involved in answering the questions.
Access the “Quality vs. Cost” article here.
- It’s important to recognize that a _______ ______ doesn’t always equal a better option.
- A higher priced product may include bells and whistles that you don’t need. Yes or No
Access the “For Kids: Earning Income” coach here.
- True or False: Salary, wages, tips, and commissions are different forms of income.
- Is working for an employer the only way to make money? Yes or No
- One way to increase your income is to improve your _______, __________, or __________.
AGES 13-17: Email the answers to the following questions along with your name (and your child’s name if they do not have an email address.)
Access the “Making Alternative Investments” article here.
- Give one example of how Ethereum is like Bitcoin.
- What are Stablecoins?
- Cryptocurrencies are a form of ______ ________ that are designed to be fully public.
Access the “Repaying Student Loans” article here.
- What happens to your account if your loan goes unpaid for more than 90 days?
- What is the idea behind a “grace period?”
- List one pro and con of consolidation.
PLEASE EMAIL ALL RESPONSES TO THE QUESTIONS FOR THE ARTICLES ABOVE TO [email protected] or [email protected]