Money advice just for children

DOWNEY - Downey Federal Credit Union is sponsoring a free workshop for parents entitled "Raising a Money Smart Child."Parents will be able to teach children basic financial skills and money management that can help prevent them from making poor financial decisions that can hurt them later in life. Parents can help their children understand how to set up a savings account, save for short- and long-term goals, and set up a budget. The workshop will be held July 28 from 4-6 p.m. at Downey Regional Medical Center, inside Room C. A representative from Springboard, a nonprofit consumer credit management organization, will lead the workshop. Downey Federal Credit Union will offer other workshops this year, including "Surviving the Holidays" and "How Am I Going to Pay My Bills?" "Offering financial education to our members and to the community is an essential part of Downey Federal Credit Union's primary initiative of 'People Helping People," said Barbara Lamberth, president and CEO of the credit union. "We encourage members and potential members to learn how to better manage their finances." To reserve a spot at the workshop, call Kari Johnson at (562) 862-8141, ext. 246. More information is also available online at www.downeyfcu.org.

********** Published: July 17, 2009 - Volume 8 - Issue 13