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Personal Finance & Savings
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Free Financial Education
SLFCU’s Savings Laboratory® Program has recently been updated to help children learn more about money.
SLFCU Teen Member Delaney Montoya shares her experience in starting a fashion business as a teen during the pandemic.
April is National Credit Union Youth Month!
SLFCU Teen Member Rebekah Payne shares what her first job taught her about earning money and setting financial goals.
The New Mexico Credit Union Education Foundation (NMCUEF) is accepting scholarship applications for the 2021–2022 school year.
SLFCU Teen Member Jaelyn Sigmon shares her tips on how to resist impulse buying.
SLFCU Teen Member Delia Bradley breaks down the impact that friendship can have on a teen's spending habits.
SLFCU Teen Member Nathaniel Morgan talks about the importance of building credit in your teens.
Congratulations to our 2020 scholarship winners, and thank you to the 27 members who volunteered their time as judges.
College is often the first time young adults are making their own money decisions, and budgeting should be discussed well ahead of campus arrival.
SLFCU teen member Taryn Ortiz details how she manages her money into four different categories.
SLFCU’s Savings Laboratory® Program is an exciting way for kids 12 and younger to learn about saving money.
SLFCU teen member John Wendt explains how saving money can be like playing a video game.
Share a photo of your completed coloring page on our Facebook page for a chance to win a $25 gift card to a local restaurant.
SLFCU Members attending college in 2020-2021 are invited to enter our annual essay scholarship competition.
SLFCU teen member Dallin Gariety goes over many of the benefits of budgeting.
SLFCU teen member Megan Stein offers tips on how to budget and save.
SLFCU teen member Hailey Robbins offers three saving tips for teens.
Social media scams are on the rise and young individuals are being targeted regularly. Being a victim of any social media scam can impact your life for many years.
SLFCU teen member Simran Bhardwaj reflects on the trials and errors of trying to raise money for her high school club.
SLFCU teen member Mary Brannon explains why she believes teens should save money, even if they think they're too young.
Congratulations to our 2019 scholarship winners, and thank you to the 24 members who volunteered their time as judges.
Whether you’re starting or returning to college, it’s a good idea to set up a plan so you can feel confident about your responsibilities.
SLFCU teen member Simran Bhardwaj talks about how she turned her baking hobby into a business.
SLFCU’s Savings Laboratory® is an exciting way for kids 12 and younger to learn about saving money.
Mariah explains why saving your money is a wiser choice than spending it, and how SLFCU's Savings Laboratory® Program encouraged her to save.
Since payments have turned digital, Rebecca feels the new generation doesn’t know the process of writing or cashing a check.
This summer I made a big decision. With the proceeds from my first job, I decided to open a Roth IRA.
The holidays can be a great opportunity to teach children valuable lessons about money.
If you do these things, being a cardholder will be a lot easier, and you'll be more comfortable handling your own money.
The teenage years are an ideal time to introduce young people to hands-on financial experiences and help them develop smart money habits.
With the SLFCU Savings Laboratory®, teaching your child positive financial habits can be both fun and rewarding.
What to do when school grants, scholarships and government loans don’t cover the costs of attending college.
I will be making a tangible difference in our New Mexico community, and I know that someone’s life is improving.
Although investing isn’t necessary to become financially stable or independent, it may provide benefits to someone looking for a smart way to grow their extra cash.
The Maki parents make sure their kids have regular opportunities to think about saving and spending money.
Good credit is the key to a solid financial foundation. It can help you secure a loan for school and a car, often at a better rate than someone with a low score would receive.
Designed to help encourage savings habits and financial responsibility at an early age, the SLFCU Savings Laboratory program offers an engaging way for kids to get excited about saving.
When opening a savings account for a child, it's important to consider what purpose the account will serve.
Children can be introduced to the concept of money at a young age. Whether it’s spending birthday money on a new toy or helping a parent at the grocery store, there are many opportunities.
If you graduated from college in the spring, grace periods for your federal and private student loans are probably coming to an end. Most student loans have a six-month grace period before entering the repayment stage.
My 10-year-old earns $5 a week for taking care of regular tasks and for helping without complaint, ideally, with chores like yard work and washing the car.
Managing money wisely isn’t just a concern for adults – teenagers with jobs receive paychecks, and many high school graduates receive monetary gifts.
Here are some common approaches that some families take towards allowances.