Jax Federal Credit Union provides tips for teaching kids about finances while social distancing
JACKSONVILLE, FL (April 23, 2020) — April is Financial Literacy Month and Credit Union Youth Month, observations that have taken on new significance this year as the economic impact of the coronavirus continues to play out across the First Coast.
While some parents may feel the urge to hide their financial stress, personal finance experts suggest using this time to address money topics directly with their families. According to data from T. Rowe Price, children whose parents regularly talked about money are more likely to have a budget, emergency fund, and retirement account in adulthood.
Mary Svoboda, Jax Federal Credit Union’s interim CEO, is available to share:
• Tips for navigating sensitive financial conversations when a family has experienced a reduction or loss of income
• Conversation starters to help families discuss saving, spending, and sharing money from economic impact payments
• Free online games, lessons, and resources that families can access together through Jax Federal Credit Union, the Credit Union National Association, and America Saves
About Jax Federal Credit Union
Established in 1935, Jax Federal Credit Union serves over 39,000 members across Duval, Clay, St. Johns, Baker and Nassau Counties. Jax Federal Credit Union helps its members meet their financial needs through eight branch locations; a robust mobile and internet banking platform; and access to over 6,800 Shared Branching locations and nearly 30,000 surcharge-free ATMs
nationwide. For more information, visit jaxfcu.org.