Children Save Having allowances can help children understand the concept of budgeting and saving, but you have to teach them. If you decide to give an allowance, start one as soon as your children start recognizing money's worth-kids do this fairly early. There's no need to rush things and preschoolers generally don't understand the abstract idea of money anyway. Plus, using an allowance gives parents and children more control over the children's finances. Contact Nucor Employee s Credit Union for information about setting up a savings account for your children.
Nobody likes getting turned down for a loan.
And although Nucor Employee s CU makes every effort to approve all loan requests, it's sometimes necessary to deny an application. The credit union also weighs other factors, and requirements vary for different loans. Often when a ratio is high, the culprit is credit card debt. People for-get that a credit card charge is a loan. Avoid overusing credit cards and don't take every credit card offer you receive.