Financial literacy in the United States is at an all-time low. According to a recent survey, 43% of Americans are financially illiterate. Naturally, adult financial illiteracy greatly impacts knowledge in our country’s adolescent population. Another survey reports that nearly ¼ of high school students don’t even know fundamental skills like budgeting, comparing prices and reading an account statement. With these long-term educational problems, it’s important to teach the understanding of money and finances to our children at an early age.
The good news is, banking for kids can be fun!
Partners Financial FCU provides a standard curriculum for children and tweens, age 8 to 14, to build the foundation for strong financial skills. Our youth bank program gives children and their parents a platform for learning the most important aspects of finances, including:
MoneyIsland is an interactive game that takes children on virtual quests to exciting destinations, learning practical financial principles along the way! Designed for both children and their parents, MoneyIsland encourages adult participation to track your child’s progress and help them through areas of struggle. And let’s not forget what most kids love about MoneyIsland—real-life rewards at the end of the journey!
To learn more about MoneyIsland, or other products and services offered to youths, contact Partners Financial FCU at 804-649-2957.