Financial literacy is only taught in high school in a handful of states.
Students are well-versed in calculus, world history, and geometry but often enter “real life” with little knowledge on how to manage their money. Many students show an interest in learning financial skills but unfortunately the opportunity is not there.
Teens could look to parents as role models, but there are also many adults who would also benefit from instruction in this area, having never been taught financial literacy and often struggling with managing debt themselves.
As a not-for-profit cooperative with an emphasis on working in the community, Premier Members understands the importance of financial literacy.
We understand that the future of this country is in the hands of the Millennials. The more instruction we can provide in managing finances to this demographic, the more successful this country will be as a whole, moving forward.
Establishing good credit, avoiding excessive debt, managing student loans, and living within means are seen as priorities for our young credit union members. We offer financial workshops to 6th and 8th grade students and those in high school and college.
Building awareness about the advantage of early retirement planning should also become a priority to Millennials: retirement funds can amount to one million dollars or more when invested in early on.
“Compound interest is the eighth wonder of the world.” – Albert Einstein
The Premier Members FCU (PMFCU) and Boulder Valley Credit Unions (BVCU) planned merger will provide even more opportunities for financial education for Students. BVCU currently has four branches located in local high schools. Credit union staff currently provide an innovative financial program where students can gain work experience in these branches while learning financial skills and business knowledge.
Does your teen need help with any of the following?
- Establishing credit
- Creating a budget
- Setting up student loans
- Understanding the importance of early retirement planning
Premier Members provides financial workshops and one-on-one counseling sessions for teens and adults.
Feel free to contact Linda Hicks at (303) 657-7262 or at Linda.Hicks@premiermembers.org to schedule a presentation or session. Similarly, if you are a teacher or represent a school/college, please get in touch to discuss how we can be of service. All workshops and sessions are free and educational.
About the Author: Linda Hicks
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