It’s every child’s favorite fantastical time of year! With so many stores to shop at in Hawaii, it’s a wonderland dream come true. Why not take the opportunity to magically turn holiday shopping into a fun lesson on money management?
It’s every child’s favorite fantastical time of year! With so many stores to shop at in Hawaii, it’s a wonderland dream come true. Why not take the opportunity to magically turn holiday shopping into a fun lesson on money management?
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!
Savings
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.
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:
#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:
#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:
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.
At some point in life, everyone stops to consider what could be holding them back from getting ahead financially. Realistically, the odds of winning the lottery are just too astronomical! Don’t spend time wishing and hoping your financial life will change. Place more of your focus on managing your finances and develop the following habits that promote growth of your hard-earned dollars.
Remember, you give power to what you focus on. So, focus on your money habits and financial management skills and give power to your ability to grow your funds and financial well-being. Just know that it is a lifelong journey – one that you can get started on today!
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