April is Youth Month! Earn a $25 deposit!

At DCTFCU we believe in the value of our youth and that investing in the next generation leads to a better future. For the month of April, we want to celebrate and empower! ALL Youth ages 0-17 can earn $25.00 deposited into their account. That’s $25.00 for free!
Each age group will be required to complete a short remote learning experience through our Financial Wellness Center for the $25.00 deposit. The age groups are split into 3 groups. 0-5, which is mainly for the parents of children; 6-12, for the young child; and 13-17, lessons for older children. Each age group will be required to read the attached articles and complete questions associated with those articles or courses. Please email the completed questions/assignments to [email protected] with the subject “Youth Month” or text the completed answers with the child’s full name to 270.684.8954. Be sure to include both your name and your child’s (or grandchild’s) name as this is the only way we will be able to know who to apply the monetary credit to. (If you are older with your own email address or phone, please include your full name as well). We will also be sending out an email with this information, direct links and the questions so feel free to respond to that email with your answers if you find that to be easier. The money will only be deposited into the child’s account so if the child does not have an account, you are welcome to open one at any time! In addition to in-person account opening, we offer a fully remote online account opening experience so feel free to text or call us to get the process started. Please be aware that the $25 is only deposited upon completion of the assignments, not just from opening an account. Don’t forget! Anyone under 18 who makes a single deposit of $5.00 or more to their DCTFCU savings account during Youth Month will automatically be placed in the drawing for a cash prize of $50.00! (Automatic transfers will only count if you call in and let us know the transfer happened.) First, all ages will be using the FINANCIAL WELLNESS CENTER. You are welcome to click this link to access the articles or courses or use the direct links attached. Below are details for earning the $25 deposit for each age group:

AGES 0-5 (please include your children if you believe they can comprehend): Email the answers to the following questions along with your name and your child’s (grandchild’s) name. Access the “3 Jar Allowance for Kids” article here.

• The 3 jar systems is a popular way to begin teaching children how to __________. What are the 3 jars in the 3 jar money system? What is the optional 4^th jar?
• The goal of saving is to impart the ________________ and begin _________________.

• Budgeting always involves making _____________.
• When it comes to the actual act of saving, teach that _______________ is key.
• Name 2 examples of short-term savings goals. __________ ___________. If your child is old enough, briefly explain savings goals to them. What would they like to save for?

AGES 6-12: Email the answers to the following questions along with your name and your child’s (grandchild’s) name. These assignments may be slightly more complex than your child’s age. Please help them complete them and allow them to be involved in answering the questions. Access the “Emergency Funds” article here.

• Your emergency fund is not your _____________________.
• With the 50/30/20 rule, 50% goes towards _________, 30% goes towards ________, and 20% goes to __________.

Access the “Savings with a Purpose” coach here.

• Help your child complete the “Saving with a Purpose” Coach and add at least 1 goal. What are at least 2 of the 5 savings tips at the end of the coach?

• There is no financial habit as important as saving. One of the great secrets of saving is finding ways to make it _________________.
• Saving is ____________. It will instill ____________ and ___________.

AGES 13-17: Email the answers to the following questions along with your name (and your child’s name if they do not have an email address.) Access the “Quality Vs Cost” article here.

• What are 3 broad assumptions we might make when it comes to why an item might cost more?
• Higher costs are often associated with benefits of some kind. It is important to do your _____________.

Access the “Emergency Funds” article here.

• Your emergency fund is not your __________________.
• This money needs to be what?
• It is recommended that your emergency fund be large enough to support essential needs for _________________.

• Complete the “How Do I Build Credit” coach. What are the four best practices for building and maintaining good credit?

Rainy days don’t always have to create messes, let’s help our youth see the value and excitement in preparing for them!

We ask for patience in receiving your deposits. We will check the emails and make every effort to make all deposits on Fridays. If you feel there was an error in receiving your deposit, feel free to text or email me directly at [email protected].

YOUTH MONTH FAQ:

1. My child doesn’t have an account, can he/she open one and be eligible for the deposit? Yes, your child can open an account at any point in the month of April and be eligible for the deposit, however, the assignments MUST be completed and submitted by April 30^th.
2. Where can I find the assignments to complete for the deposit? We will be sending out an email where you can respond directly to the email with your answers or you can find the assignments, questions, and links on our website at www.dctfcu.com/youthmonth.
3. How do I submit my assignments? You can respond directly to the email, send the assignments to [email protected], or text the answers to 270.684.8954. Please include yours and your child’s full name and specify that it is “YOUTH MONTH” in the subject line or in the beginning of your text.
4. Can you send me a direct link to the assignments? Yes, we can send a direct link via text or email.
5. Can I make multiple entries for the $50 drawing? Yes, you can submit multiple entries, BUT only one entry per day. $5.00 is the minimum amount to deposit to be eligible to be placed it the drawing.

6. What is the age range for the youth month assignments? The age range is 0-17. There are 3 assignments with different age ranges. Please find the assignments that fit the age of your child and submit those.
7. When should I expect the $25.00 deposit? We will be doing our best to keep track of each assignment submission on a weekly basis. You should expect to see the deposit made on the Friday of the week you submitted the assignment or the following Monday. We will be doing the best we can to keep these deposit dates. If you do not see your deposit by the end of the month, give us a call to make sure there has been no error in receiving your assignments.
8. Can I open an account online or do I need to come in? Yes, you can open an account online, but you will not be able to click the “Open an Account” button on our homepage. To open an account for your child without coming in, you will need to either text to request an account or call to request an account so we can gather all the necessary information for the paperwork. You will need your child’s social security number and a valid driver’s license for yourself. If your address is not updated on your license, we will need proof of address as well. We will then get your DocuSign ready and you should expect to receive that either via text or email, whichever you prefer. Once we receive the $5.00 deposit and the necessary documentation back, the account will be opened and you can submit the assignment. You are more than welcome to come in if you feel that is easiest.
9. Do automatic deposits count towards the drawing? Automatic deposits will only count if you call in and let us know the deposit went in and you would like for us to fill out an entry form for you.
10. I have a sub-savings account with my child’s name on it, does this count for deposits? No, sub-savings accounts do not count for deposits. Your child will need their own account with you or a family member as a joint owner.