CU ONLINE - MEMBERS AREA 

JUVENILE SECTION 

Downpatrick Credit Union try to offer various opportunities to the young people in the surrounding area to encourage them to become more aware of us and encourage them to save and learn the foundations of financial organisation at a young age. 
 
These are some of the current ways in which we do this: 
 
School Credit Union 
Annual Art Competition 
Annual Schools Quiz 
Annual Zeminar workshop 
 
We were accompanied by teachers and students from De La Salle High School and St Patricks Grammar School to the Zeminar event in Dublin. This proved to be an excellent opportunity for students to understand and discuss mental health matters as well as looking at further education and career options. 
Top Tips for Parents to help Young People become GR8 Savers! 
Consider rewarding young people for regular saving. Don’t focus on the amount saved – but on the fact that they are developing a savings habit. Supporting and rewarding them to save even very small amounts on a regular basis will help to imbed the habit. 
Help young people to decide on a savings goals – it’s good for them to have both a short term and a long term goal. They will find it much easier to save regularly when they are savings towards something they really want. 
Dissuade them from spending their savings on impulse. Remind them of their savings goal and what they originally wanted to save for. Share with them a story of something that you would have saved for when you were younger. 
Help them to develop a savings plan, calendar or mood-board to highlight when their goal will be achieved. Having a visual prop which they can use to ‘countdown’ can also encourage them to stick to their target. 
Give pocket money or allowances in small denominations and encourage them to put a little aside. Having a piggy bank, or better still a transparent jar so they can watch their money physically increase, is also a good idea. 
Consider linking pocket money to chores. This helps to embed the idea that money must be earned. The more effort required to earn pocket money, the less likely they will be to spend on impulse or all at once. 
 
If pocket money runs out at an early stage, don’t rush to replace it. Providing additional money at the drop of a hat will defeat the purpose of giving a set allowance to them that only increases in line with extra jobs they take on around the home. 
Bring them to your local credit union to become a GR8 Saver. Opening their very own credit union account will give them a sense of independence and responsibility. Credit unions are not-for-profit, community based organisations that have an ethos of self-help and self-development at their core. They will receive their own book where they can watch their deposits grow as they continue to save! 
 
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