MoneyWisdom Blog

How to Pay for Your Child's Extracurricular Activities

Posted by Dawn Weinberger on Jun 5, 2019 12:40:00 PM


If you're the parent of a child who's involved in extracurricular activities, you know the participation costs can really add up. Classes, lessons, uniforms, equipment, competitions, tournaments...the list goes on. It's easy to join the 46% of parents who spend more than $1,000 annually on one (just one!) extracurricular activity, according to a recent survey by CompareCards.

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Topics: budget, children, Teens

Teens and Money: Preparing to Move Out

Posted by Hanscom Federal Credit Union on Feb 8, 2018 9:19:17 AM

You may feel emotionally ready to move out on your own, but are you financially prepared? Living independently means much more than not having to be home by curfew; it comes with a great deal of financial responsibilities. Before you take the leap, know how much the big move will cost you, now and in the future.

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Topics: Money Management, budget, Teens

6 Ways Kids Can Earn Money This Summer

Posted by Bill Burpeau on Jul 12, 2017 12:17:00 PM

School’s out and, chances are, your kids are on the hunt for cash. When they don’t have enough money to buy X, Y or Z, they want a fast fix - maybe a cash infusion from you?

Instead, use their enthusiasm to show them that money doesn’t grow on trees. Get kids thinking about how to earn extra money this summer with these six ideas:

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Topics: Teens

5 Lessons from My First Job

Posted by Hanscom Federal Credit Union on Jul 15, 2015 11:58:00 AM

“It’s going to be hot,” the hiring manager said, testing if I would be willing to take the job.

I was already in hot water. Having just graduated from high school, I was on top of the world and looking forward to working in a marina for the summer on the shores of Lake Erie. College was slated for the fall, and my financial aid required my contribution for living expenses. Alas, the marina’s owner sold the marina in June along with my summer job and planned college expense income. I was feeling desperate.

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Topics: Teens

Tips for Teens: Establishing a Savings Habit With Your First Job

Posted by Hanscom Federal Credit Union on May 29, 2015 11:25:00 AM

Though this might really date me, I fondly remember the Cosby Show episode where dad Cliff sits down with his teenage son, Theo, and using play money, shows him how much it will cost to live on his own. Theo’s smile and jaunty attitude quickly turn to a frown and utter dismay when he realizes how quickly money goes. (Check out the clip here!)

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Topics: Teens

Why Millennials are a Good Fit for Credit Unions

Posted by Bill Burpeau on May 28, 2015 7:43:00 AM

I just become the father of three teenagers. My youngest turned 13 on Mother’s Day. Yikes!  Yes, the over sleeping, late for the school bus, and eating me out of house and home issues abound in my house — as they do in many others, I assume. I am far from an expert on teenagers, but I am learning a lot these days about the younger end of the millennial generation.

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Topics: Credit Union, Teens

7 Financial Tips for Your College-Bound Student

Posted by Hanscom Federal Credit Union on May 15, 2015 7:41:00 AM

When I went off to college (a hundred or so years ago), my parents took me into the local bank, set me up with my first checking account and that was it. No sage advice. No spreadsheet. No CliffsNotes version of Personal Finance 101.

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Topics: College, Teens

Area Teens Take On Real-Life Budget Challenge

Posted by MaryJo Kurtz on Apr 13, 2015 10:47:00 AM

Teenagers today: can they manage a household budget? Over 70 JROTC students from Lowell and Bedford high schools were put to the test this week, and the results were impressive.

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Topics: budget, Teens

Teens Show That Money Management Class Pays Off

Posted by Hanscom Federal Credit Union on Apr 10, 2015 9:25:00 PM

The other day, I volunteered at Hanscom FCU’s CU4Reality Fair. We hosted over 70 high school students as they accommodated a month’s worth of expenses out of a salary from a career they chose in advance.

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Topics: Teens

Essay Help! Tips for Writing a College Application Essay

Posted by MoneyWisdom Newsletter on Jan 27, 2015 10:00:00 AM

Getting into a good college takes a lot of hard work and dedication. One of the last hurdles to admission is the application essay – and it's a great opportunity for you to shine. Here are some tips to help you create an application essay that gives you the best chance at getting into your top school.

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Topics: College, Teens

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