Celebrate Youth Month with us in April!

April is financial literacy month, or youth month as we like to call it. The idea is to focus on helping young people develop good savings habits. This years’ theme is Give a Hoot About Savings. Owls represent wisdom, and nothing is wiser than learning to save for one’s future goals.

What's happening?

Coloring Contest
The picture can be downloaded here. One winner from 3 age groups (4 & under, 5-8, 9-12) will receive a $25 Visa Gift Card. Return colored picture by Thursday, April 27th.

Savings Challenge
– Let’s see how much money our Monty Moose members can deposit for the month of April. Each $5 deposit will not only earn you $1 in Moose Bucks, but you’ll also be entered to win a basket of fun valued at $100!

Free Goodies
– Each Monty Moose member who deposits money in April will receive a change pouch, a string backpack and an owl treat.

Chocolate Gold Coins in a Jar – Guess how many coins are in the jar for a chance to win a $25 Visa Gift Card.

Purchase a chance to win this 20” Huffy Green Machine RT!

1 Ticket = $2Green Machine
3 Tickets = $5
Arms Length = $10

Proceeds will benefit the Maine Children’s Cancer Program, Maine Special Olympics and the Ending Hunger Campaign.

Teach Your Little Owls to Fly With Money Talks

The first step to teaching your kids about money is talking about money.

“The most effective way to teach is by having frequent discussions and don’t ever lecture,” said Ted Beck, president and chief executive of the National Endowment for Financial Education, in a recent Wall Street Journal article. “Look for teachable moments and always be willing to answer questions.”

Unfortunately, this can also be the hardest.

A 2015 T. Rowe Price survey found that 72{a16c29276902c0134dc3724dc6f6a60124a484baf737123e94c02cf5a4efbdc5} of parents experienced at least some reluctance to talk to their kids about financial matters, and 18{a16c29276902c0134dc3724dc6f6a60124a484baf737123e94c02cf5a4efbdc5} were either very or extremely reluctant. The most common reasons given were that the parents didn’t want them to worry about financial matters or thought they were too young to understand.Happy Owl

But on his blog, the personal-finance guru and radio host Dave Ramsey encourages parents to be more open with their kids about money, even their failures. Parents’ biggest regrets are often not saving enough or going into too much debt, wrote Ramsey. Being honest about that in an age-appropriate way, he stated, can be a powerful lesson.

So how to start the talk?

  • Ask questions. If you’re going out to eat, talk about the price difference between the options, and ask them which they would choose. If they select the more expensive, talk through what you might have to give up later in the week.
  • Make them part of your budgeting. If you’re doing any kind of financial planning for the year, solicit input from your kids. Enlist them in your saving goals—no one watches you more closely than your kids, so they’re natural accountability partners! If you’re uncomfortable revealing too much of your financial picture, you can keep the discussions high level, but involving them makes money less abstract.
  • Open a youth savings account at Winslow Community Federal Credit Union. This is the best way to help them to learn to save for what they find meaningful in life. A lifetime of good savings habits can start now! You can learn more about our Youth Savings Accounts at