Every saver is unique, but most people who save regularly developed the habit early in life. Learning to delay gratification in order to save for long-term goals is a crucial life skill, and Empower Credit Union is committed to helping our youngest members develop. By helping your child learn about saving now, you’ll help them as they grow older.

YOUNG CHILDREN (6 and Younger)         

Give them a toy bank
Add change to the bank to introduce the concept of money.

Talk while shopping
Discuss the cost of items. Put any change in their piggy bank.

OLDER CHILDREN ( 6-12)

Give an allowance
Introduce them to money management. Quarters are a good denomination.

Discuss goals
Talk about goals and how you save for them.

Start a jar system
Make a jar for Give, Save, and Spend. Divide allowance evenly.

Take them to the credit union
Open a youth savings account, and take them to deposit their save jar.

TEENS

Add an investment jar
As their allowance rises, start talking about investments and long-term goals.

Add more accounts at your credit union
When they’re ready, consider a checking account and debit card that you help them manage. Developing good money management early sets them up for success later in life.