Home \| Apply for Loans \| Membership \| Branch/ATM Locations \| Contact \| Rates
Join Us Member Support Financial Learning Center
Accounts Mortgages Loans Business Services Electronic Services Financial Services Insurance FMFCU Info
Checking \| Savings \| Certificates \| IRAs \| Money Markets \| Clubs \| Direct Deposit \| Rates Mortgage Center \| Apply Online \| First-Time Buyers \| CU Realty \| Mortgage Options \| Checklist \| Mortgage FAQs Apply for Loans \| Vehicle Center \| Home Equity \| Credit Cards \| Personal \| Student \| Credit Services \| Rates Business Services Center \| Business Deposits \| Business Lending e-Banking \| e-Transfers \| Bill Payment \| e-Statements \| Phone Banking \| Check Card \| Other Services About Financial Services \| Financial Services Team \| Newsletters \| Insurance Insurance Center \| Auto \| Homeowners \| Life \| AD&D About FMFCU \| FMFCU & Education \| Foundation \| Business Partners \| News & Events \| Publications/PR \| Careers

Kids Pages

Kids Resources

Start Smart Accounts

Another Savings Topic

Savings Accounts

Calculators

Kids guide to money

This is where the magic happens. Remember, the more you save, the more you 'PAY YOURSELF'. The longer you keep paying yourself, the richer you will get.

There are two types of savings:

Short-term Savings: Saving to buy things that you want in a few weeks or months.
Long-term Savings: Saving for your future. Like for college education, a car or your wedding when you grow up.

Secret #1

Money grows with Interest

When you have money in a bank account, the bank gives you interest based on a percentage of the amount of money you have in the bank. For example, you have $100 in a bank account and the bank pays you 2% interest. In a year's time, you will earn $2 just for having $100 in your account.

Note, in the credit union world, another word for "interest" is "dividends".

Have some fun learning about Dividends (Interest) at Googolplex.

Decide how much money you want to save for the short-term and how much for the long-term and put it in the Save It box.

For Short-term Savings: For things you would like to buy in a few weeks or few months.

Open a Start Smart savings account at the Credit Union.

For Long-term Savings: For getting richer, paying for college and for things you want when you grow up.

Open an account from the options below. Take advice from your mom and dada and also talk to an expert in the Credit Union on the following options:

Certificates
Savings Bonds
Coverdell Education Savings Account