MSUFCU Does More Than Provide Kids Bank Accounts
Helping kids and families learn money management tools is a lifelong process and MSUFCU is there for milestones, big and small. Some of their teaching tools are like sneaking vegetables into meatloaf, and others are more overt.
Here are four ways MSUFCU gets financial literacy messages across to kids.
1) They Teach With Free, Clever Apps
These MSUFCU apps teach kids how to earn and save money.
Do your kids play games on your phone or iPad? If so, add MSUFCU’s gaming apps to the mix.
My seven year old may not be saving for a car or planning a monthly budget, but these tools have given him a greater awareness of how money works.
Dream Racer gives them a budget and items or cars to purchase teaching them how to make good financial choices and how to save.
Both of my boys really like the “Saving Draggy” game where you can pick your outfits then clean up your room by filling your piggy bank with cash, change, and rare coins.
I wonder how my financial journey could have been different if I had had these building blocks as a kid.
You can find their game apps through App Store or Google Play.
2) They Visit Area Schools & Get Kids Excited About Saving Money
Financial educators visit schools K-12 and higher education classrooms to discuss a variety of financial topics starting with creating a savings account.
When my oldest was in Kindergarten, MSUFCU visited his classroom and helped him set up his own savings account. He received a green MSUFCU envelope and piggy bank to save up throughout the weeks and on specified days, could bring in coins and cash for his account.
Volunteering on days the kids would bring in their savings was truly telling! You would have thought their quarters were a hundred dollar bills as their faces lit up so proud of their saving accomplishments.
That opened the door for me to talk to my son about what it means to save in a fun, exciting way.
To learn more about what MSUFCU is doing in our community, two great resources to visit are their community and financial education pages.
3) They Bring Bounce Houses & Learning Games to Kids’ Day Celebrations
These super fun kid-centered events have inflatables, games, a photo booth, and more.
The games are based on educational platforms like science, technology, and financial education.
These celebrations are a time to have a blast and bonus: both you and your kids will learn important nuggets of gold to take home with you.
4) They Get High School Students to Practice Real World Income & Budgets
Maaaan, I wish the Reality Fairs were around when I was in high school. I took economics which was great but beyond learning how to balance your checkbook (did I just age myself?) the real-world hands-on financial education was lacking.
MSUFCU has an interactive way to help fill that gap.
In this forum, MSUFCU helps students prepare for their financial journey ahead of graduation.
Students get to select a career and then figure out their finances for one month:
- Student loan payments
- Car payment, gas, insurance
- Credit cards
- Gym memberships
- Cell phones and plans
- …and as we all know very well, so much more!
Volunteers are combined of community members and Credit Union employees to facilitate this “real-life” experience. The Financial Reality Fairs help alleviate the stress that may come with anticipating all of this and in some cases, introduce this concept for the first time.
But what do high school students think of these fairs?
“This was really fun. I enjoyed learning about finances by playing a game. I am going home to thank my mom and dad – adulting is expensive!”
“The reality fair helped show me things I didn’t think about before. It showed me certain things I need that I forgot I needed in real life.”
“I am a nervous person about money and the Reality Fair helped boost my confidence about money.”
Read more from Haslett High School students here.
Sexton High School Teacher, Kathy Hubbard, says:
“I think that the MSUFCU Reality Fair is not only organized and run extremely well each year, but it also is an excellent opportunity for our students to gain some real awareness as to how to maneuver through life after high school.
It gives them each a little insight as to all the good and potentially bad things that can happen to you as you go through your daily life as a working adult with bills, responsibilities and experiences for which you may or may have not planned. When the students truly get into the activities and think about their choices, it can be life-changing!”
Here’s where you can learn more about when and where these fairs take place.
If you’re interested in an MSUFCU Reality Fair at your school, please email firstname.lastname@example.org.