Kids & Teens | Banking | College Savings | Financial Education

Financial Education

Let us help your child with financial education

People of all ages need to know how to earn, save, spend and manage money.  Since it's so important, get started early in life.  That way once it comes time to be your own money manager, you'll have a good idea of what's required.

Check out our financial education tools below to learn more.

Cool Tips and Tools
Earn Extra Money
How to Make Change
Your Money Can Work, Too
Financial Education Tips For Parents
School Field Trip

Cool tips and tools


Is your financial knowledge ready for a workout?  Play Financial Football or Financial Soccer


The interactive website where kids teach kids about money and business


Financial education site for kids that features online coloring pages, podcasts and resources for parents and teachers.


Learn how to earn money, establish credit and manage your financial life with this site just for teens.


Find out about NEFE's popular High School Financial Planning Program (HSFPP).


Provides young adults with financial resources and ways to interact with their peers from the University of Arizona's Take Charge America Institute

Earn extra money

Ideas for Earning Money

  • Getting a part time job
  • Washing the car
  • Pet sitting
  • Recycling cans
  • Gardening
  • Babysitting
  • Mowing lawns
  • Having a garage sale
  • House sitting
  • Doing household chores
  • Delivering newspapers

Then, open a Hughes Federal Credit Union savings account to earn dividends on your money!

Making a Budget

Here's a challenge to get you thinking about earning and saving money:

Each week Johnny gets an allowance of $5, earns $3 for walking his neighbor's dog, and another $10 for mowing and pulling weeds at home.  He also gets $7.50 in cash for recycling cans.

Based on this information, what's Johnny's total weekly income?

Johnny's saving his money for a new video game that costs $50.  How long will it take him to save for it if he deposits $5 a week into his savings account?  How long will it take him if he deposits $10 a week?

Kids & Teens

Learn how to make change

People who work with cash all the time, like tellers at the credit union and cashiers at stores, use a special way to make change very fast.  It's a lot faster than writing with a pencil on paper or even looking at a cash register.  And once you learn how, it's very easy to check that you are receiving the correct change after making a purchase.  Here's how it works:

Example 1:

Suppose that you are selling candy bars for $.48 each.  Johnny gives you a dollar.  How do you make change?  It's easy.

First:  Say the cost of the item aloud.  "$.48"

Second:  Add the fewest coins to get to $.25, $.50, or $.75.

Third:  Then, add quarter to get to the dollar bill.

In this example, you would start adding the smallest amount of coins to get to $.50 and say to yourself:  49, 50 (adding two pennies to get to 50), then you would say 75 (adding a quarter to get to 75), then say $1.00 (adding another quarter to get to a dollar) which is the amount Johnny gave you.

So how much change and what coins will Johnny get back?

Answer: Johnny will get back $.52 in change.  Two quarters and two pennies.  To check yourself, you can add $.52 plus $.48 to get $1.00.

Example 2:

Okay, let's try it again but with bills larger than a dollar.  Suppose the local video store is having a sale on previously viewed DVDs.  Sandy Jones wants a DVD they are selling for $7.38.  She gives the cashier $10.00 to pay for it.  How much change should she receive?

First:  Say the cost of the item. $7.38

Second:  Add the fewest coins to get $.25, $.50 or $.75.

Third:  Now add quarters to get to a dollar.

Fourth:  Add bills to get to $10.00

In this example, you would start adding the smallest amount of coins to get to $.50 and say to yourself:  39, 40 (adding two pennies), 50 (adding one dime to get to $.50), then you would say 75 (adding a quarter to get to .75), then say $8.00 (adding another quarter to get to the next dollar amount).  After you figure the change to the nearest dollar, you can add dollar bills until you reach $10.00.  So you would add one dollar to make $9.00 and another dollar to make $10.00.  So altogether the change would be $2.62.  To check yourself, you can add $7.38 and $2.62 to get $10.00.

Making change takes practice.  So practice a few times and you'll see how easy it can be!

It's best to count each coin and bill total aloud.  Remember don't use five singles when you can use one $5.

Your money can work, too

When you save money, we pay you! The money the credit union gives you is called dividends or interest. Here's an example of how dividends or interest works:

If you save a dollar a day in a jar in your room, after 10 years you'll end up with $3,650. That's more than a small chunk of change. However, if you save that dollar a day in your credit union savings account, earning 2.5% interest, you'll end up with $4,147.  That's an extra $497!

Where does this extra money come from? It's the magic of compounding interest. Compounding means that if you save the interest that your money earns, it will earn interest, too. That's right; you can earn interest on your interest.

How is interest earned on your account?

The amount you put into the account and the rate of interest your account earns will determine how quickly your money grows. The more you put in your savings account, the larger the compounding effects of your interest. Check out the examples below:


Time in Account

2.5% APY*

Interest Earned

4% APY*

Interest Earned


1 year






2 years






10 years






1 year






2 years






10 years





*Annual Percentage Yield (APY).

Tips for parents

Financial Education Tips for Parents

  • Preschool-age children can sort different types of money into piles by color and size.
  • At the grocery store, show children how to comparison shop and find sale items.
  • As kids get older, share sales receipts and bills that you receive for items or services you've purchased for them.
  • Have children set aside portions of their allowance for spending, saving and sharing.
  • As kids reach high school age, clarify what you will pay for and what your children are responsible for.

Make Hughes your next school field trip

Hughes offers field trips to local students ages 6 to 17.  Students will learn financial basics such as saving, good money management and check writing.  Students will receive a tour of the Credit Union and a classroom presentation.  To schedule a field trip, please contact our Marketing Department at 520-205-5676.

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