April is National Financial Literacy Month and Credit Union Youth Month and we are Celebrating financial education across participating credit unions.
This year we want to practice what we preach. Several employees from New Dimensions are giving up or substituting some of their favorite things, drinks, lunches, etc. in an effort to save extra money to pay down debt. This effort is called the Team Teal Savings Challenge and we’d like to know if you’d like to join us. The challenge starts on April 1, 2019, and ends on April 30th. You can check in with Facebook to get encouragement, money savings tips, and information throughout the month. Everyone will report at the end of the month to see how much money was saved. You can even get your children involved and show them that setting small goals will make a difference. If you are interested in participating in this challenge, please email Tanya at email@example.com. See instructions below for more information.
INSTRUCTIONS FOR THE TEAM TEAL CHALLENGE: All Members can participate!
- Review Your Budget. Where can you make small (but impactful) changes to save?
- Examples: brew your own coffee, spend less on dining out (brown bag lunches), meal planning, and other expenses you can eliminate such as cigarettes, energy drinks, etc., even spend less on gas by carpooling.
- Let us know if you’d like to participate in this challenge as well as your plan and what you are going to attempt to save for the entire month of April.
- The goal is at the end of the month you add that savings to:
- Pay down existing debt
- Add to an Emergency Savings Account
- Add to a Club Account (savings) for a specific goal, Christmas, vacation, item, etc.
INSTRUCTIONS FOR 2019 SAVINGS CHALLENGES: Youth Members (0 – up to 18 years old)
Speaking of your children we think that with their enthusiastic imaginations, they are particularly good at dreaming. But to make dreams come true, they will need to have clear goals and, very likely, save some money to make them happen. Credit unions can help our members on both counts. Our theme for Youth Month this April is “Saving Stars.” We’re encouraging all members, under 18, to write down their dreams and then take steps to make those dreams come true. These steps could be small or big, but no matter what it will be impactful. We are so sure this will lay the groundwork for their future success, that we are offering 2 Savings Challenges to our youngest members.
The Youth Savings Challenge, offered by New Dimensions. We will draw the names of 5 children (under 18) to win $50*. Whenever a child, their parent, grandparent, etc. deposits money into the child’s account it will count as one entry. This savings challenge is one entry per deposit. Must be under 18 years old. With each registration slip filled out you will get a star for your child’s name (first name, last initial only). We will proudly hang each star in our lobbies (all four locations) throughout the month of April to show how dedicated your child is in saving his or her money.
The second savings challenge is offered by CUNA with their National Credit Union Youth Challenge. If chosen, 10 NDFCU members (under 18) will be drawn to receive $100 each**. Whether a child, their parent, grandparent, etc. deposits money into the child’s account, it will count. This savings challenge is one entry per member. No purchase necessary to register. See Rules for More Information!
Don’t worry about keeping track of the rules of each savings challenge. Just make sure you fill out the registration form each time you make a deposit and fill out the Star with your child’s first name and last initial! That is all you have to do!
* The NDFCU Savings Challenge will be drawn on May 1st. All $50 winners will be notified, and the money will be transferred into their accounts.
** The CUNA drawing will be done in May 2019. We will be notified if we are the winning Credit Union, in which case NDFCU will draw the 10 winning names for the $100 deposit into each winning member’s account.