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Hi kids! Glad you
stopped by.
Money is a big part of our lives.
How we think about it and deal with it could have a huge affect on
our future.
Take a look at this month's featured articles: |
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Saving for Something Special?
Learning how to save money is important, whether you
have a lot or a little. These tips will help you get started.
 Start
at the finish line
To begin, start at the end. It might sound silly, but knowing what
you want at the end can help you plan. Are you saving for college?
Maybe you want to buy a new bike. Whatever your goal, post a picture
of it where you'll see it every day so you'll remember what you're
saving for.
Are you spending more than
you're saving?
The second step is to look at what you're spending and how much
you're actually saving. This is where even most adults panic. But
it's not hard--compare the numbers and ask yourself if you're
spending too much money.
Make a plan
To save successfully, your expenses should not be greater than the
total amount you want to save each week. Let's say you want to save
$400 for a guitar, your allowance is $15 a week, but you spend $10
every week on snack and video games. This means you're only saving
$5 a week. It will take you a long time--80 weeks--to save for that
guitar. On the other hand, if you save $10 a week, it only would
take 40 weeks--half the amount of time--to save for the guitar.
Look for opportunities to
save your money.
You'll be surprised how quickly it
adds up!
University Credit Union can help you save. Have a parent or guardian
call us for you to find out how to start! |
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Dealing With the
Spending Game Called
“FADS”
 Ever
spent a ton of money on something that you thought was lame two weeks
later?
Sara found really cool shoes. They were red clogs with little stripes
going down the side. She bought them and wore them to school. Everybody
loved them. In two weeks, 16 girls had the red clogs!
Sara bought the shoes to be cool, and once everyone had a pair, they
weren’t so special
anymore.
Follow these tips to avoid everyday obsessions, rip-offs, and splurges:
· You have a choice--instead of the expensive item, treat yourself to
something smaller;
· Wait a few days and get a clearer picture of why you want to buy
something;
· Think about whether you would keep on wearing something if your friends
thought it was dorky or lame;
· Change your mind and save the money;
· Decide you’ll buy whether it’s a fad or not. You’ll be happier with your
purchase.
· Use creativity to enjoy fads inexpensively: Make up a character that
does all of the trendy fads. Draw a picture of this character and decorate
it with latest fads copied or cut from magazines. Change the cutouts as
the fads change. Write a story about your character and the fads he
creates. |
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