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Kids, Teens & Money

SLFCU 2022 Scholarship Competition: $4,000 Top Award

SLFCU members attending college in 2022-2023 are invited to enter our annual essay scholarship competition.

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April is National Credit Union Youth Month

SLFCU offers resources and tools to help young members have a financially successful future.

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College Scholarship Opportunity for New Mexico Students

The New Mexico Credit Union Education Foundation (NMCUEF) is accepting scholarship applications for the 2022-2023 school year.

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Congratulations to Our 2021 Scholarship Winners

Congratulations to our 2021 scholarship winners, and thank you to the 19 members who volunteered their time as judges. 

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Teen Article: The Profits of Community Service

SLFCU Teen Member Nico Grayson shares how his acts of kindness grew into something more meaningful during the pandemic.

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SLFCU Savings Laboratory® Program Updates

SLFCU’s Savings Laboratory® Program has recently been updated to help children learn more about money.

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Teen Article: Making Money as a Teen During the Pandemic

SLFCU Teen Member Delaney Montoya shares her experience in starting a fashion business as a teen during the pandemic.

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Teen Article: What My First Job Taught Me About Earning Money

SLFCU Teen Member Rebekah Payne shares what her first job taught her about earning money and setting financial goals.

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Teen Article: SOLD! How to Resist Impulse Buying

SLFCU Teen Member Jaelyn Sigmon shares her tips on how to resist impulse buying.

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Teen Article: Money – It Comes, It Goes

Mariah explains why saving your money is a wiser choice than spending it, and how SLFCU's Savings Laboratory® Program encouraged her to save. 

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Teen Article: Writing and Submitting a Check

Since payments have turned digital, Rebecca feels the new generation doesn’t know the process of writing or cashing a check. 

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Teen Article: Early Birds and Money Worms

This summer I made a big decision. With the proceeds from my first job, I decided to open a Roth IRA. 

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Children Can Earn Prizes by Saving Holiday Gift Money

The holidays can be a great opportunity to teach children valuable lessons about money. 

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Teen Article: Advice to New Debit Cardholders

If you do these things, being a cardholder will be a lot easier, and you'll be more comfortable handling your own money.  

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Teach Saving Habits Early

With the SLFCU Savings Laboratory®, teaching your child positive financial habits can be both fun and rewarding.

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Smart Ways to Pay for College

What to do when school grants, scholarships and government loans don’t cover the costs of attending college.  

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Teen Article: A Lesson in Giving

I will be making a tangible difference in our New Mexico community, and I know that someone’s life is improving. 

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Investing Basics for Teens

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.

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Family Finds Value for All Ages at SLFCU

The Maki parents make sure their kids have regular opportunities to think about saving and spending money.

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What Do Teens Need to Know About Credit?

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.

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Reward Kids for Saving

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.

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Choosing the Right Account Type for Children

When opening a savings account for a child, it's important to consider what purpose the account will serve.

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Manage Money with Your Child

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.

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Managing Student Loans

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.

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How Much Should You Pay for an Allowance?

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.

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Money Management Strategies for Teens

Managing money wisely isn’t just a concern for adults – teenagers with jobs receive paychecks, and many high school graduates receive monetary gifts.

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Using Allowance as a Financial Tool

Here are some common approaches that some families take towards allowances.

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