First National Bank is committed to providing Financial Education to our communities. We’ve included resources below to help you make the most of your money.
Teaching Your Kids About Money:
- Be Disciplined About Spending: It may sound simplistic, but many people struggle with this first basic rule. No matter how much or how little you're paid, you'll never get ahead if you spend more than you earn.
- Stick to a Budget: How can you set spending and saving goals if you don't know where your money is going? You need a budget whether you make thousands or hundreds of thousands of dollars a year.
- Pay Off Your Credit Card Debt: Credit cards can be a useful financial tool when used correctly, but carrying balances for a long time can result in very high interest rates. Use your credit cards responsibly and pay them off as soon as you can in order to avoid paying a large amount of interest.
- Have a Savings Plan: An emergency savings account can help protect your family from the unexpected. An emergency credit card is a good resource to have, but having the extra cash in your account will always be better. Consider a savings account or a money market account for your emergency fund.
- Contribute to a Retirement Plan: If your employer has a 401(k) plan and you don't contribute to it, you're walking away from one of the best deals out there. Ask your employer if they have a 401(k) plan (or similar plan), and sign up today. Also consider an IRA or another investment vehicle. A qualified professional can help you decide which is best for you. FNB Wealth Management may be a good option for you.
- Review Your Insurance Coverage: It is important to ensure that the insurance coverage you have is appropriate for you and your needs. Meet with an FNB Insurance Agent to review your coverage and make sure you have the insurance that is right for you.
- Keep Good Records: If you don't keep good records, you're probably not claiming all your allowable income tax deductions and credits. Set up a system now and use it all year. It's much easier than scrambling to find everything at tax time, only to miss items that might have saved you money.
Click here to visit the U.S. Mint site for kids.
Click here to view various educational newsletters for kids.
ABA Parent Money Manual - English
ABA Monthly Budget Worksheet - English or Spanish
ABA Family Savings Goal Worksheet – English or Spanish
ABA Family Savings Worksheet – English
Learning About Checking Accounts - English