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Frankie and Alfredo explore the real costs of moving out and establishing independence, sharing their different experiences transitioning from living with parents to managing their own households.

• Hidden expenses beyond rent include utility deposits, application fees, and the surprising cost of groceries.
• First-time movers often underestimate how quickly food costs add up, especially when eating out!
• Creating an emergency fund is essential for unexpected expenses like car repairs.
• Furniture costs can be managed by shopping secondhand through Facebook Marketplace and thrift stores.
• Additional expenses include technology needs, internet, cell phone, auto insurance, and renter's insurance.
• Before moving out, create a "trial budget" and live by it for 2-3 months to test readiness.
• Premier America's Financial Wellness Center offers free rental counseling and personalized guidance

This week's family challenge: Older kids research and create a trial budget; younger kids design a dream room with real costs to understand needs versus wants.

Learn More at PremierAmerica.com/Youth

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Tackling the daunting challenge of saving for college requires early planning, consistent effort, and understanding all available options. Frankie and Alfredo share their personal experiences and practical strategies to help families navigate the journey toward funding higher education.

• Average four-year college costs now approach $100,000 for in-state students including room and board.
• Personal savings, scholarships, and federal student aid form the foundation of college funding.
• 529 plans offer tax advantages and can be rolled into Roth IRAs if education plans change.
• Starting small with consistent contributions makes the large goal more manageable.
• Understanding student loans before taking them prevents post-graduation financial struggles.
• Even small sacrifices like skipping two lattes weekly can add $520 annually to college savings each year.
• Premier America Foundation offers scholarships annually to qualifying students

Weekly Family Challenge: Research a college or trade school you're interested in, determine its cost, and create a small, achievable saving goal to start working toward now.

Learn more at PremierAmerica.com/Youth

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In our 17th episode, Frankie and Alfredo explore what makes a smart money choice and share their own practical strategies for families to build positive financial habits together. We discuss how thoughtful planning and avoiding impulse purchases can lead to better financial outcomes for both parents and children.

A few quick tips:

• Smart money choices involve having well-thought-out reasons for purchases rather than making impulse decisions.
• Creating shopping lists helps families avoid impulse buys, especially at strategic checkout areas in grocery stores.
• The three-jar system (save, spend, share) provides a visual approach to teaching children about money management.
• The 72-hour rule gives time to reconsider purchases and research better options before committing.
• Shopping when hungry can lead to unnecessary purchases and spending.
• Finding spare change around the house is a great way to start populating savings jars.

Learn more at PremierAmerica.com/Youth

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Giving back to our communities builds stronger families and teaches important financial values beyond just saving and spending. We explore multiple ways families can work together to make an impact through volunteering, charitable giving, and everyday acts of kindness.

• Giving back involves three key elements: talent, time, and treasure
• Animal shelters offer great volunteer opportunities for families with limited financial resources
• Credit unions like Premier America Credit Union contribute to communities through the Premier America Foundation and various community initiatives
• Including charitable giving in your family budget teaches children the importance of helping others
• Even small donations can make a meaningful impact when given consistently
• Simple acts like sharing lunch with friends teach children about resource sharing
• The Premier America Foundation Scholarship rewards students who demonstrate commitment to service
• Young children can start building giving habits through everyday kindness at school

This week's family challenge: Think of one small way you can help someone with your money, time, or other resources, and discuss it as a family.

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Taxes are portions of our income and purchases that fund essential public services and infrastructure in our communities. We break down the concept of taxes for families and kids, explaining how they work at local, state, and federal levels to support resources we use daily.

• Different types of taxes include sales tax on purchases and income tax on earnings
• Taxes fund community resources like parks, libraries, schools, and first responders
• Children often experience "paycheck shock" when first seeing taxes deducted
• Parents can simulate taxes with allowances to prepare children for future earnings
• VITA centers (Volunteer Income Tax Assistance) provide free or low-cost tax help

This week's family challenge: Discuss things in your community that you enjoy that are paid for by taxes, such as public beaches, parks, or libraries.

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For more information and resources, visit PremierAmerica.com/youth

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Budgeting is a powerful tool to ensure we're not overspending and helps us achieve our financial goals through proper planning.

• Always start a budget by setting clear goals like saving for a trip, vehicle, or special purchase like the next game!
• Break down your goals into manageable amounts (like saving $10/month for six months to reach $60)
• For kids, begin by listing all money sources such as allowance or gifts
• Call it a "spending plan" rather than a budget to frame it positively
• When extra money remains, revisit your goals before deciding whether to save or spend
• Tip: Involve children in real household budgeting experiences like grocery shopping
• Track your spending against your plan to hold yourself accountable

Family Challenge: Build a budget together! Help your kids create their own spending plan or walk them through your family budget process. Share your experience in the comments, and don't forget to like and subscribe.

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Learn more at PremierAmerica.com/Youth

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Spending money has never been easier, but tracking it is crucial for your short- and long-term financial health. Frankie & Alfredo explore practical ways to determine if you're spending too much and how to build better money habits for your entire family.

• Make a plan and hold yourself accountable with budgeting
• Pay yourself first by prioritizing savings before spending
• Use mobile banking apps to categorize and visualize your spending
• Watch for red flags like inability to cover emergency expenses
• Help children track money with piggy banks before introducing digital banking

Family Challenge: Track what you're spending for a day or entire week. Identify each purchase as a want or a need, then discuss as a family where you could save more money.

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For more information, visit PremierAmerica.com/Youth

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This week, Frankie and Alfredo break down the key differences between credit and debit cards in simple terms that families can understand together over donuts and orange juice.

• Debit cards pull directly from your own money in your checking account
• Credit cards use borrowed money that must be paid back, sometimes with interest
• Plastic cards make it easy to lose track of spending compared to using cash
• Carrying limited cash for certain purchases helps create natural spending boundaries
• Credit cards typically offer benefits like cashback or travel rewards that debit cards don't

This week's challenge: Kids, talk with a parent or trusted adult about what they use credit versus debit cards for and why they make those choices.

Learn about the various ways Premier America Credit Union is supporting youth financial wellness.

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