Saturday, September 18, 2021

Play

Hundreds of wealthy Americans back the Biden Build Back Better Act; Roger Stone is served with a warrant on live radio; and family caregivers are in need of assistance.

Play

Virginia gubernatorial candidates debate; former federal prosecutor Michael Sussmann indicted for lying to FBI; lawmakers set to question oil industry over climate disinformation; and FDA scientists express skepticism over booster shots.

Play

Lawsuits stall debt relief for America's Black farmers; Idaho hospitals using "critical care" protocols; grant money boosts rural towns in Utah and more conservation acreage could protect the iconic sage grouse.

Young People Encouraged to 'Pay Themselves,' Start Saving Early

Play

Thursday, April 8, 2021   

SEATTLE -- In April, credit unions are highlighting the importance of starting financial education early.

This month is Credit Union Youth Month, and the financial institutions are offering resources for young people on building healthy money habits.

Kathleen Schilb, community engagement manager for the Spokane-based Horizon Credit Union, which has branches in the Northwest, including 12 in Washington, said many adults struggle to save enough for their future.

"It's really important to us to make sure that we start working with youths when they're under the age of 18 and just help promote the whole concept of paying yourself first," Schilb urged. "And before you start spending, to always think about saving 15% or 20% for your future self."

A recent report from ECONorthwest showed Washington credit unions provided financial education to 100,000 students in 2019. It also found there are $200 million saved in children's savings accounts in the state.

Schilb noted one effective way to teach youths about managing their money is for parents or caregivers to bring them along when opening up accounts for them.

"Having the child with you really makes a big impact and really helps a child understand how important this is for saving for their future," Schilb recommended.

Horizon Credit Union and other institutions are holding a "Financial Literacy Bee" through April 15, where high school students who complete a short course online and write an essay on it are entered to win a $10,000 scholarship.


get more stories like this via email
A panel of House Democrats proposes raising $2.9 trillion in new taxes to pay for President Joe Biden's "Build Back Better" plan through higher tax rates for wealthy Americans. (Adobe Stock)

Social Issues

RICHMOND, Va. - As U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., takes heat this week for attending a posh fundraiser in a dress that said "Tax the …


Environment

EAST TROY, Wis. - Wisconsin farmers are looking ahead to the fall harvest, and those who use cover crops face a deadline to sign up for a research …

Social Issues

SIOUX FALLS, S.D. - The pandemic is shining a new light on the burdens felt by family caregivers, and a bill in Congress would remove some of the …


Republican lawmakers across the country have proposed legislation to limit or forbid the teaching of such concepts as racial equity and white privilege. (Kelly Lacy/Pexels)

Social Issues

TALLAHASSEE, Fla. - State Rep. Randy Fine, R-Palm Bay, is lashing out against the idea of Critical Race Theory, filing a bill to ban its use in all …

Social Issues

PORTLAND, Ore. - Wealthy Americans have a message for Congress: Tax us more. More than 200 high-income taxpayers and business owners have sent an …

Better flood resiliency is top of mind in New York, after scenes like the Long Island Expressway's partial shutdown in Tropical Storm Ida. But who will pay for it? (Adobe Stock)

Social Issues

ALBANY, N.Y. - As a U.S. House committee debates the Biden administration's "Build Back Better" Act, a letter from more than 200 wealthy Americans …

Social Issues

By Sonali Kolhatkar for Yes! Media. Broadcast version by Lily Bohlke for Commonwealth News Service reporting for the YES! Media-Public News Service …

Environment

MANCHESTER, N.H. - Three New Hampshire professors are among those who've signed a letter urging the United Nations General Assembly to adopt what's …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021