Here are some pictures from some of the financial education classes I taught =) .
I have come to realize that after explaining all the free features that LA Financial offers, people, my friends, and even family are still using Pay Day lenders to cash their paychecks. WHY??? WHY would anyone pay for something when they can just as easily get it for free????
It is SO SO SO important to realize that even though you may only be spending $3.00 to cash your pay check, that is $3.00 more then you would ever have to pay if you belonged to a financial institution. Do people realize that if you did that every time you received a pay check you would've spent $72 in a year just to get YOUR money. That is $72 that should be in your pocket!!! Belonging to a credit union is FREE why would you pay for something you can get for FREE!
Also, it's important to build a relationship with a financial institution. You can't go through your whole life cashing checks at Pay Day lenders and expect to be able to buy all the things you want or even save for the things you want. You will need to establish credit and you will need loans! You can only get loans if you have established credit.
I know that it is incredibly intimidating to walk into a financial institution and feel like you don't know what your doing. This is why we have people there to answer your questions. They want to help you because they want you to become a member. You have the power... so even if you feel like you don't know anything that is completely OK... You can call, write or go online to find almost any question you have.
So... go out and become a member!!! Save yourself some money!!!
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Congratulations on a job well done.
ReplyDeleteThank you for sharing your knowledge about banking.
ReplyDeletei think it's great that the company is giving students information on financing. students these days need to stay informed on these types of subjects.
ReplyDeleteI am happy to see that students are being educated on managing finances. If someone would have kept me informed, it would have saved me lots of money and grief from lessons that I have learned as a teen and young adult.
ReplyDeleteLove all the great information! Now I know were to come for questions and concerns. Thanks, so much for the blog!
ReplyDeleteNO!!! Now my plans of opening a check cashing business next in a college town have been foiled!
ReplyDeleteGreat Job! To further financial education on students and young adults, perhaps they should also read books such as "Rich Dad, Poor Dad" by Robert Kiyosaki that stresses the differences between employees and employers, "The Automatic Millionaire" by David Bach that stresses compound interest, and "The Millionaire Next Door" by Thomas Stanley that stresses being frugal.
ReplyDeleteI've heard of "Rich Dad, Poor Dad", but not the other two. Maybe I should look into them. Are they easy reads?
ReplyDeleteYes, they are actually (in response to mar-bar). "Automatic" is only like 50 pages and "Next Door" was actually read by 8 year olds.
ReplyDeleteThanks Charlee, I am going to buy my 9 year cousin, the book by Thomas Stanley.
ReplyDeleteBuilding a Relationship with my Financial Institution keeps me informed on all the New Products that are available to me.
ReplyDeleteIts nice to know that the credit union is willing and able to help the youth learn how to save and be financially smart and stable in the future.
ReplyDeleteHaving a teenager at home myself I think it is great that the credit union is helping to educate the younger crowd on how to be responsible with their finances and teaching the value of their hard earned dollar! :)
ReplyDeleteGood Job girls, keep up the good work.
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