Archive for April 2023

ABCs of Saving for the Future

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FREE Financial Education Workshops

Hawaii FCU is pleased to announce the return of our popular financial education workshops. Join us for these free two-hour sessions that will increase your financial fitness. Our Saturday morning workshops are all held at Hawaii FCU from 9:30 a.m. to 11:30 a.m. Doors open at 9:00 a.m. and seating is limited.

If you are interested in attending any or all of our workshops or would like to schedule a one-on-one confidential session with a certified financial counselor, please call us at (808) 441-4285. Our financial counselors offer confidential, personalized guidance that can help you gain greater control over your personal finances FREE!


Saturday, May 6, 2023

9:30 a.m. – 11:30 a.m.

Handling Credit Cards

Saturday, June 24, 2023

9:30 a.m. – 11:30 a.m.

Improving Your Credit

Saturday, July 15, 2023

9:30 a.m. – 11:30 a.m.

Teach Your Kids to Save

Every parent knows that kids are quick learners, and even preschoolers can grasp a basic understanding of money. Begin shaping their feelings, thinking and values about money at an early age. It’s not as difficult as it may seem.

#1 – Make Saving a Habit

They learn about spending money all too soon, so take them to your financial institution and teach them that money is for saving, too. Open a savings account for them talk to them about putting money away for the things they want. Start with short-term goals such as small purchases for the younger kids and guide older ones toward longer-term, larger goals. This teaches them about:

  • Delaying gratification;
  • Setting short- or long-term goals;
  • Planning for the future; and
  • Building security and independence.

#2 – Create Opportunities to Earn Money

A healthy respect for money is gained when kids learn they must for it before they can spend it. Although kids should perform certain chores at home as part of their normal responsibilities as a family member, you can create special tasks in exchange for a weekly allowance. This “salary” can be deposited into their savings accounts bi-weekly or monthly. This teaches them about:

  • Growing their savings;
  • Using compound interest; and
  • Valuing their hard-earned money.

#3 – Instill Smart Decision-Making

Saving isn’t always about stashing away money to buy things they want. There will come a time to save for things they need or will have to pay others to do for them. There will also come a time for giving, so discuss what causes they may want to support. Have them put their allowance into three jars for saving, spending and donating. This teaches them about:

  • Budgeting their money;
  • Making good decisions;
  • Deciding on donations; and
  • Preparing for adult choices.

Kids are always watching us and repeating what we say. Many times, they can even do funny but very accurate impersonations of us! Why not use this to your advantage? Remember that your kids will learn faster and best if you model good money habits yourself.