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Get em young says CU liaison in IFree PressI
DETROIT (7/22/09)--Credit Union National Association's (CUNA) preschoolers money management program, Thrive by 5, is listed among the resource websites for an article addressing teaching young children about money in the Detroit Free Press (July 20). The article also features the National Endowment for Financial Education's website, and interviews Erica Tobe, program leader for youth financial education at Michigan State University's Extension Service. Tobe is the extension's liaison to the credit union movement. She works closely with the Michigan Credit Union League and Michigan credit unions. In the article Tobe noted children ages 4 and 5 can be taught to recognize coins. Financial education is critical, she said. Children can see their money grow by having piggy banks at home, and opening savings accounts when they're older. "Shop with your child for banks or credit unions that offer the best deals. Some credit unions, in particular, offer giveaways and teaching tools for young people," Tobe said. She also noted that by budgeting, youngsters "learn that money doesn't grow on trees." To read the full article, use the link.
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