Financial success is within reach—set your trajectory with Vantage
When’s the right time to plan for the financial future—and track success? The reality is it’s never too early. From physical and developmental benchmarks to academic performance—parents track their children’s progression from birth. But what about financial acumen?
Youth often leap into adulthood—from a financial perspective—without focusing on some key milestones that can set the trajectory of their lifelong financial success. Financial literacy isn’t always a topic covered in school—a child’s future success depends on proper guidance.
Savings account. A savings account is a common account many parents establish for their children. From birthday money to allowances and more, it’s a great first step in grasping the concept of saving. Plus, the money typically earns interest.
Checking account. Opening a checking account is a great next step in financial education. At Vantage, our youth members can open their checking account at age 13 with a parent or guardian. Start simple and use some real-world examples to teach budgeting, for example, tying their income to chores and charging them mock real-world expenses. Then introduce a debit card to the mix and have them monitor and track their saving and spending on their mobile device with digital banking.
Credit card. Once managing spending with a checking account has been grasped, opening a credit card typically comes next. It’s an important step in establishing and building credit.
Digital banking. With Vantage digital banking, manage finances on the go. Whether away at college or simply traveling, partner with Vantage for the financial journey. Remote deposits, card controls, account alerts and more make managing finances from anywhere, anytime possible.
Student loan options. If plans include higher education, there are resources to help. Get the money needed for school with a Smart Option Student Loan® from Vantage Credit Union in partnership with Sallie Mae®.
Other lending options. As needs evolve, Vantage offers lending option ranging from vehicle loans, personal loans, mortgage services and more. We’re committed to meeting needs and helping members achieve financial goals—now and into the future.
Financial education. We aim to help our members save money and make smart financial decisions. We believe in educating and empowering members along their journey, and offer access to free programs and resources to aid in financial growth.
If you have a child or grandchild—or you’re personally in any of these stages in life—set the trajectory for financial success now with Vantage!
Set your path to success by discussing your future goals with a financial coach !
Services, Vehicle Loans, Membership, Home Equity, Digital Banking, Credit Cards, Checking, Borrowing, Personal Loans, Savings September 12, 2023