Talking to your kids about money matters!

Forward Junior Savings 

Put your kids on the road to financial success.

  • Minimum Balance to Open: $0
  • Minimum Daily Balance: $0
  • Earns Variable Interest
  • Call for current rates
  • Fees may reduce earnings
  • Unlimited Free Deposits Allowed

You may make unlimited in-person/over-the-counter withdrawals from your account with no fee. A withdrawal fee will be charged for all other withdrawals, debits or transfers in excess of six each month.

Family Activities

The importance of saving.

  • Ages 2 – 10 Learning the names and value of coins. Saving with a piggy bank.
  • Ages 11 – 18 Household chores and/or part-time job and allowances. Graduating from a piggy bank to a savings account.

Activity: Ask how much your family thinks things cost. Anything from toys, video games, tickets to an amusement park, out to eat for ice cream, clothes, to a car.

Credit and why it’s so important.

  • Credit allows you to borrow funds to purchase goods and services immediately and pay the money back later—often with interest. But the term can have other meanings. 
  • Good or bad credit is creditworthiness. A credit score is a measure of your creditworthiness. Consumers with a high credit score may be offered better rates and terms because of their strength credit history.

Activity: True or False – What affects your credit score?

  1. True or False: Credit scores range from 300 to 850.
  2. True or False: Being late on a phone bill won’t affect your credit.
  3. True or False: Having multiple forms of credit helps your credit score.
  4. True or False: Closing old credit card accounts will boost your score.
  5. True or False: Paying off bad debt will erase it from your credit history.
  6. True or False: Checking your credit report will hurt your score.
  1. True. Credit scores are calculated between 300-850, and 700 or above is generally considered a good score.
  2. False. Payment history is the most important factor in determining your credit score. Making on-time payments and keeping your level of debt at a reasonable level will help you improve your score. Late payments, on the other hand, will negatively affect your score.
  3. True. Managing multiple forms of debt responsibly (e.g., a credit card, student loan and auto loan) helps build your credit history, and may boost your credit score if you make payments on time.
  4. False. Part of your credit score is determined by the length of your credit history. If you close a credit account that you’ve been using for years, the average length of credit history may be shortened.
  5. False. If you’ve missed payments or have a delinquent account in collections, paying off a debt does not remove it from your credit records. Most negative entries will, however, fall off your report in seven years.
  6. False. Hard inquiries, such as applying for a credit card or a mortgage, could affect your score. Soft inquiries, like when you check your own score or order your free credit report, will not affect your score. You can check your credit reports at There are three main credit-reporting companies: TransUnion, Equifax and Experian, and you are allowed a free credit report from each every 12 months.

Loans and how they work.

A loan is a form of debt incurred by an individual. The lender or financial institution advances a sum of money to the borrower. In return, the borrower agrees to certain terms, including finance charges, interest, repayment date, and other conditions.

Activity: Explore and play with some of our Loan Calculators.

Checking account, debit card and how to balance a statement.

  • Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills. Accounts may have different options to help avoid the monthly service fee.
  • A check is a written document authorizing a bank to remove an exact amount of money as payment from your account.
  • A debit card lets you get money from an ATM and spend money from your checking account without writing a check.
  • The process of balancing your account simply involves listing your debits and credits (withdrawals and deposits) and subtracting and adding them to determine your balance. It can be done using pen and paper, an app or money management software.

Activity: Become familiar with checking account forms.

Learn how to fill out and or read:

  1. Deposit slips | View PDF
  2. Checks | View PDF
  3. Registers | View PDF
  4. Bank statements | View PDF