By Sharon Hernandez, Everence
Talking about finances should start early and should be a rewarding experience both for the kids and their parents.
This was the main takeaway Emily Miller, Everence® Federal Credit Union Member Relations Manager, hoped participants received during her workshop, “Small pockets, big responsibilities,” on Friday, July 11.
The presentation covered the topics of how to talk with children about money and what tools are available for creating good saving, spending and giving habits.
It’s essential to keep a conversation about money with children simple, fun and interactive, Miller said.
“Every child will eventually need a bank account, so why not start them off with one that has their best interests at heart?” she said. “Looking and researching with the child, accounts that invest in their youth community by hosting engaging activities, events, and learning experiences will encourage responsible money management and habits.”
Miller shared resources available at Everence Federal Credit Union, including its Youth Rewards Program and the credit union’s partnership with the app Greenlight.
Everence has formed meaningful connections with churches who seek to further their congregants’ financial wellness. Last year, Miller helped connect with a church via the credit union’s Youth Savings Celebration, which energized the kids of the church into participating and learning some of the basics of finances.
“Ultimately, I aim to help parents who wish to raise their children with a biblical perspective, ensuring they understand the importance of financial literacy from a young age,” Miller said.
To learn more about Everence Federal Credit Union’s Youth Rewards program and Youth Savings account, visit everence.com/banking/everence-youth-program