ALL Youth ages 0-17 can earn up to $25.00 deposited into their account. That’s $25.00 for free!
This year, we are once again giving every child a monetary prize! Instead of the booklets, we are offering a short remote learning experience through our Financial Wellness Center for each age group to complete for the $20.00 deposit! There is a $5 bonus included in each set of questions as well. The age groups will be 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 specified articles in our Financial Wellness Center and complete questions and/or activities associated with those articles or courses. Please email the completed questions/assignments to [email protected] with the subject “Youth Month” or text the completed answers to 270.684.8954 and 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). For the $5.00 bonus question, you will be asked to submit a picture. Please include this picture in your email or request a link to upload the picture via text. 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, don’t worry! You are welcome to open one at any time and be eligible for the prize! In addition to in-person account opening, we offer a fully remote online account opening experience so feel free to text or call us to get the process started!
Don’t forget! Anyone under 18 who makes a single deposit of $5.00 or more to their DCTFCU savings account during Youth Month will automatically be a part of the savings challenge and be placed in the drawing for a cash prize of $50.00! We are excited to see you all join us in celebrating “Be a Credit Union Saver” in April for National Credit Union Youth Month!
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 below that will be utilized for completing these questions. Below are details for earning the $20.00 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.
To begin, please access the “Teaching children about money” article here or in the Wellness Center.
- When illustrating the concept of budgeting to your child, what are the three recommended “jars” for separating money? What is the suggested fourth jar?
- Name 2 examples given of short-term savings goals. __________ ____________. If your child is old enough, briefly explain short-term saving to them. What would they like to save for?
- Budgeting always involves making ______________.
For the next 2 questions, please access the “Teaching Financial Literacy” article here or in the Wellness Center.
4. Teaching financial literacy doesn’t have to be formalized lesson for your family. What is the best teacher?
5. What is something you can do to teach your Pre-K/early elementary school aged child about money according to the article? $5 bonus for taking a picture of your child doing this. Please include the picture in the email or request a link to upload the picture via text.
AGES 6-12:
Email the answers to the following questions along with your name and your child’s (grandchild’s) name.
To begin, please access the “50/30/20” article here or in the Wellness Center. This article may be slightly more complex than your child’s age. Please hit the highlights and read/explain to them the basics surrounding the questions below.
- What does 50/30/20 stand for? 50% ________. 30% __________. 20% _________.
- Read the needs and wants section and briefly explain to your child. What are 2 examples of needs and 2 examples of wants? _________________. ________________. _______________. _________________.
- Saving is ____________. It will instill _____________ and _______________.
- There is no financial habit as important as saving. One of the great secrets of saving is finding ways to make it _______________.
For the next question, please access the “Teaching Financial Literacy” article here or in the Wellness Center.
5. What is something you can do to teach your Elementary school aged child about money according to the article? $5 bonus for taking a picture of your child doing this. Please include the picture in the email or request a link to upload the picture via text.
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.)
For the first question, please access the “Envelope Budgeting” article here or in the Wellness Center.
- What are the 3 modified envelope budgeting recommendations?
For the next question, please access the “Articles” link here or in the Wellness Center.
2. Go to the “Explore” tab and click on “Articles.” Look through the articles and name 3 that you might find interesting or applicable to read.
For the next question, please access the “Opening Your First Account” article here or in the Wellness Center.
3. What do you need to open an account?
For the next questions, please access the “How Do I Build Credit” Coach here or in the Wellness Center.
4. Complete the “How Do I Build Credit” coach. What are the four best practices for building and maintain good credit?
For the next 2 questions, please access the “Teaching Financial Literacy” article here or in the Wellness Center.
5. Financial literacy simply means having the know-how to make wise decisions with your personal finances—like ___________, _____________, _________, and ____________.
6. What is something you can do to learn yourself or teach your Middle/High school aged child about money according to the article? $5 bonus for taking a picture of yourself (or your child)’s store list while shopping. Please include the picture in the email or request a link to upload the picture via text.
AGAIN, please email or text ALL responses to your specific age appropriate questions to [email protected] with the subject “YOUTH MONTH” or TEXT the answers to 270.684.8954 and specify your name. We ask for patience in receiving your deposits. We will check the emails and make every effort to make all deposits on Fridays. If you feel there was an error in receiving your deposit, feel free to text or call at 270.684.8954 or email me directly at [email protected].
We are excited to see you all join us in celebrating in April for National Credit Union Youth Month! We hope it helps you become wiser about saving!
YOUTH MONTH FAQ:
- My child doesn’t have an account, can he/she open one and be eligible for the deposit?
Yes, your child can open an account at any point in the month of April and be eligible for the deposit, however, the assignments MUST be completed and submitted by April 30th.
- Where can I find the assignments to complete for the deposit? How do I submit my assignment?
We will be sending out an email where you can respond directly to the email with your answers or you can find the assignments, questions, and links listed above. You can respond directly to the email, send the assignments to [email protected], or text the answers to 270.684.8954. Please include yours and your child’s full name and specify that it is “YOUTH MONTH” in the subject line or in the beginning of your text.
- Can I make multiple entries for the $50 drawing?
Yes, you can submit multiple entries, BUT only one entry per day. $5.00 is the minimum amount to deposit to be eligible to be placed it the drawing.
- How do I submit the picture for the extra $5?
You can submit a picture by attached your picture to your email OR texting your picture in. In order to text the picture in, you will need to text a request for a file sharing link. We will provide a link to you in the text where you can submit the picture. Please specify who you and your child are so we can be sure to add the $5 to your deposit.
- What is the age range for the youth month assignments?
The age range is 0-17. There are 3 assignments with different age ranges. Please find the assignments that fit the age of your child and submit those.
- Where can I find all of the links?
You will find the links in our Financial Wellness Center located on our main web page or listed above.
- When should I expect the $25.00 deposit?
We will be doing our best to keep track of each assignment submission on a weekly basis. You should expect to see the deposit made on the Friday of the week you submitted the assignment or the following Monday. We will be doing the best we can to keep these deposit dates. If you do not see your deposit by the end of the month, give us a call to make sure there has been no error in receiving your assignments.
- Can I open an account online or do I need to come in?
Yes, you can open an account online, but you will not be able to click the “Open an Account” button on our homepage. To open an account for your child without coming in, you will need to either text to request an account or call to request an account so we can gather all the necessary information for the paperwork. You will need your child’s social security number and a valid driver’s license for yourself. If your address is not updated on your license, we will need proof of address as well. We will then get your DocuSign ready and you should expect to receive that either via text or email, whichever you prefer. Once we receive the $5.00 deposit and the necessary documentation back, the account will be opened and you can submit the assignment. You are more than welcome to come in if you feel that is easiest. - How is my child entered into the Youth Month drawing?
To be entered, you will need to call or come in to the credit union to make a deposit and let an employee know this is for a youth account. Then the employee will fill out the Savings Challenge entry. If you have an automatic deposit to a youth account already in place, it is eligible for the drawing, but you will need to call and let us know that deposit was made so we can place the entry in the drawing.