April isn’t just tax season, it’s also financial literacy season! April is both National Financial Literacy Month and National Credit Union Youth Month, providing a little inspiration to get your teen more financially fit. Even more inspiring is the vision of your teen learning to better navigate the financial world, acquiring the money management skills they’ll need to thrive.
When your teen has a deep knowledge and understanding of financial management, they reap a number of distinct rewards:
- They can become more financially disciplined and responsible, becoming better skilled to make spending decisions, such as wants vs. needs.
- They can become better savers so that they will enjoy greater financial freedom and are better prepared for financial goals and emergencies.
- They can gain the knowledge they need to help avoid becoming the victim of financial fraud and scams.
Resources for Teens
At UCU, we offer free resources to help get your teen engaged in financial literacy. U Financially Fit Teen is an online resource we offer that can help your teen get started on their path to financial fitness with brief, interactive online modules on:
- Smart budgeting.
- Smart savings.
- Smart investing.
Each module takes just 5 to 12 minutes to complete, and it’s completely free. Content is easy to navigate and designed for eager learners for grades 7 through 12.
Resources for Adults
Our financial literacy resources aren’t just limited for our younger members. For financial literacy resources for adults, including content on retirement planning, home ownership, budgeting, investing and more, visit U Financially Fit, another free resource we offer, but designed for adults.