MyShore Teen Club

Jersey Shore FCU welcomes members of all ages!








Teens ages 13 to 17 are automatically enrolled in MyShore Teen Club. As club members, they'll learn how to save for the future and have some money for spending too. An adult member on the same account, can apply for the following accounts which can be used by the teen: For fun games, extra financial advice, and other great activities please visit these websites!





MyCreditUnion.gov is a great way to learn all about Credit Unions and what makes them unique. You will also be able to play fun games all while learning about the different aspects of finance. Great for all ages! Click the image to take you there.





Bizkids.com is a great way to get your business mind flowing. Here you can play their three featured games, Break the Bank, Bring Home the Bacon, and Dollar a Glass. You can also find educational links to learn more about being a young entrepreneur. Great for all ages! Click the image to take you there.






Payback is a great real life simulator game that takes you quickly through the college experience. It shows how many of the decisions you make turn into expenses somewhere down the road. The game adds up your debt and in the end tells you if your choices were smart for the real world. Perfect for high school students. Click the image to take you there.





RichKidSmartKid.com
is a website dedicated to improving your financial knowledge. Play fun business and money based games that teach kids important lessons. Great for all ages. Click the image to take you there.

 Thinking about College?

In addition, high school seniors can participate in Jersey Shore Federal Credit Union's Benson/Hunt Scholarship Program and the New Jersey Credit Union League's statewide Scholarship Program. You can apply now through March 30, 2018.

1.     The credit unions offers scholarship opportunities that could help pay for your tuition

2.     As tuition costs rise, saving money early on can give you a leg up on those payments

3.     Freedom in college means you might have to start paying for more of your own things, have some money put away for those expenses

For scholarship applications Click HereCheck out our College Resource Center for helpful hints.

 

How to Avoid ATM Fees

ATM surcharges keep rising. Here's a list of easy ways to help you avoid ATM fees.

1.     If you have a MasterCard Debit/ATM card, use it any place you can! Don’t spend your cash at restaurants, department stores and other places that take a MasterCard Debit/ATM card. The money will come right out of your checking account.

2.     Budget your money throughout the month so you make fewer ATM withdrawals.

3.     Access surcharge-free ATMs with your Jersey Shore Debit/ATM Card

4.     Use the cash back option at grocery stores, Walmart, K-Mart, CVS and others.

5.     Avoid ATMs in hotels, airports, and similar locations. They usually have high surcharges.

6.     Consider using traveler’s checks, personal checks, and credit cards instead of ATMs when traveling.

Creating a Budget

Creating a budget and saving money isn’t easy. It takes a little practice and a lot of discipline. What’s great about budgeting is that anyone can do it no matter how old they are! Here are some steps to get you on your way:

1.     Set goals for your money and what you plan to use it for

2.     Figure out how much you make and spend each month

3.     Set aside money for the things you definitely need and can’t live without

4.     Separate your money into spending and savings

5.     Put your plan into action and watch your money build up

6.     Review your plan to make sure it’s working for you!

 

Saving Money While You Spend

Saving money isn’t just about putting money in a savings account. You can also save money by being a smart shopper. Here are some ways to stretch those dollars:

 


    1.     Make sure you never purchase anything that you will not use
    2.     Make sure not to purchase anything you cannot afford
    3.     Try not to pay full price for anything, more often than not there is a coupon available!
    4.     Shop online to look for the best deal on items

 

Save $15 a Week

A few bucks here; a few bucks there. It all adds up to some pretty big bucks in the end. See what saving just $15 a week can do for you!

What is $15? A few new apps for your phone? A couple of fast food meals? Or $7,500?

If you saved $15 a week starting at age 15, you’d have more than $7,500 in your account by the time you were 24 and nearly $60,000 by age 60.*

But, if you started when you were 25 years old and saved that same $15 a week, you’d only have a little more than half that amount when you reached 60.

Starting early makes a big difference! And the more you can save, the bigger the effects of compounding your interest over time.

*Example Assumes an average annual percentage yield of 2%