The holiday season isn’t just about toys, tech, and treats—it’s also the perfect time to spark lifelong money habits. Whether you’re shopping for a preschooler or a teenager, a money-smart gift can set them up for a brighter financial future. At Peake Federal Credit Union, we’re here to help your whole family build strong financial foundations—starting right now.
Ages 3–7: Planting the Seeds of Saving
Kids in this age group are just beginning to grasp what money is—and that makes it a great time to introduce simple, fun financial concepts.
- Piggy Banks or Clear Jar Sets– Visual learning is powerful! Clear jars or piggy banks help young kids see their money grow. Try three labeled jars: Spend, Save, and Share.
- Books That Make Money Fun– Kid-friendly titles like Money Ninja or the Mimi’s Money book series can turn financial basics into fun, memorable stories.
- Play Money Games-Games like Monopoly Junior or The Game of Life Junior sneak in lessons about earning, spending, and saving—no lecture required!
Ages 8–12: Building Budgeting Skills
At this stage, kids are ready for bigger money lessons: budgeting, saving for goals, and even earning their own money.
- Open Their First Savings Account– Help them take a big step by opening a Savings Account at Peake Federal Credit Union. It’s a meaningful milestone—and a gift that grows with them.
- Allowance Trackers or Budget Journals– Pair your gift with a “money match” challenge: when they reach a savings goal, you add a little bonus. It reinforces positive habits and makes saving exciting.
- Save & Earn” Challenge– For every $5 they save, you contribute $1 as their “interest.” It’s an excellent introduction to how savings can grow over time.
Ages 13+: Preparing Them for Financial Independence
Teens are just steps away from managing their own finances—so now’s the time to give them tools that build long-term confidence.
- Start a “Money Moment” Tradition-Set aside time each December for a family financial check-in. Review spending habits, set savings goals, and celebrate progress—no matter how big or small.
- Investment Starter Kits & Games– Introduce ideas like compound interest and long-term saving. Even a small beginning—like a custodial Roth IRA or micro-investment gift (with parental guidance)—can spark lifelong curiosity.
- Teen Checking & Savings Accounts– Open a Peake Federal Teen Checking Account for your child (ages 13-17). With the right tools and guidance, they’ll gain hands-on experience managing money safely and confidently.
We’re Here for You—And Your Family
Peake Federal Credit Union is proud to support families on their financial journeys. If you have questions about youth accounts, savings tools, or how to get your child started, contact us at 410-828-4730, 800-234-4730, or memberservices@peakefederal.com.
Let’s make this holiday season the start of smart money habits—for a lifetime!
