PINK Summer 2024

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SUMMER FUN ON A BUDGET SUMMER FUN ON A BUDGET

Summer is here and it’s time to enjoy the sunshine without breaking your budget! Here are some simple ways to celebrate summer while also keeping your spending in check.

Outdoor Adventures

Take advantage of the great outdoors. Plan picnics in local parks, explore new hiking trails, or spend a day at the beach. Save even more by packing your own snacks & meals.

DIY Fun

Get creative at home - set up water balloon fights, craft days or homemade obstacle courses in your own backyard!

Community Events

Many communities offer outdoor concerts, movie nights, and festivals during the summer months that are free & fun for the whole family! Visit cccu.com/learn/classes-and-events to find events near you!

Money Independence

Sending your child to college is a significant milestone – set them up for success by building money independence! Begin with the basics: establish a bank account, explain how credit works & emphasize the importance of savings.

Money & Budgeting 101

Help them open a checking account with a debit card for everyday spending and develop a budget that includes things like tuition, books, food, and, yes, even fun! Advise them to use student discounts & take advantage of student deals to save even more.

Discover Credit

A credit card with a small limit can be a smart way to learn about using credit wisely while also building their credit score. Help them get started by co-signing on a credit card or adding them as an authorized user to your card.

Savings Made Simple

Encourage them to start a savings account! They can slowly build their savings with earnings from their job to help cover the cost of college.

FINANCIAL CHALLENGES CAN ARISE IN ANY SHAPE OR FORM

Monthly bills, credit card debt or saving enough for retirement. Whether your finances are a continuous cause of stress or a temporary worry, the good news is that you don’t have to face these issues forever. With the right tools & knowledge you can go from financially stressed to financially empowered!

Take advantage of financial tracking apps to monitor and categorize your spending, or set up reminders for upcoming bills so you don’t miss any payments. Regularly check your credit score to understand where you stand financially – your score reflects your creditworthiness and overall financial health.

Build a Foundation

DID YOU KNOW MONEY HABITS ARE FORMED BY AGE 7?

As parents, you want to provide your children with the skills to succeed & reach their goals –including money management! So whether they’re dreaming of buying a new toy or saving for their first car, encouraging them to make smart financial decisions today can help them build a strong financial future. Here are our top tips to get started.

Start Early

Read books, play board games, and use online resources designed to teach kids about money.

Set Savings Goals

Open a savings account or start a piggy bank at home and help them reach a new savings goal!

Create an Allowance System

Provide a regular allowance when they complete chores & encourage them to manage their own money!

Smart Spending

Teach the importance of needs vs wants by bringing them grocery shopping or planning a family outing on a budget.

CCCU College Scholarships

We understand that managing money can be stressful. That’s why we offer free one-on-one consultations! Meet with us in person or by phone. We’ll listen without judgment and provide personalized recommendations to help you reach your goals!

Make Money Fun

With My First Nest Egg, kids can learn the importance of money management through fun & interactive content.

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