641.628.2191  |   800 Main St. Pella, IA


July 24, 2012

There's never been a better time to talk to your kids about money. Before the summer comes to an end and your children gear up to return to school, take time to share some financial insight. The best financial lessons are part of everyday experiences. Look for opportunities to talk about money, read books aloud and play games that center around spending money wisely. Be open and honest when you discuss your financial experiences -- good or bad. Here are some examples of teachable moments to help you get started:

At the bank: When you go to the bank, bring your children with you and show them how transactions work. Ask the manager to explain how the bank operates, how money generates interest and how an ATM works. Ask for a tour, and be sure to ask to see the vault.

On payday: Discuss how your pay is budgeted to pay for housing, food and clothing, and how a portion is saved for future expenses such as college tuition and retirement.

At the market: It's easy to give clear examples of "needs" and "wants" using different kinds of foods at a grocery store. Milk (for strong bones) is a need; soft drinks are a want. Explain the benefits of comparison shopping, coupons and store brands.

Chores and allowances: Assign chores and give them a monetary value. Discuss ways to budget and divide allowances. Encourage children to set a financial goal, such as saving for a bike, and figure out how to achieve it.

Paying bills: Explain the many ways bills can be paid, such as over the phone, by check or online. Discuss how each method of bill pay takes money out of your account. Be sure to cover late penalties, emphasizing the importance of paying bills on time.

Using cards: Explain that credit cards are a loan and need to be repaid. Share how each month a credit card statement comes in the mail with a bill. Go over the features of different types of cards, such as ATM, debit and credit cards.

Browsing the Internet: While online, explain to your children the value of their personal information and why you don't want it getting into the wrong hands. Discuss the risks of sharing certain information. Then, as a family, make a list of rules for keeping personal information safe online.

Planning a trip: Whether you are planning an outing to a local amusement park or a family vacation, emphasize the value of saving. Set a family savings goal that involves your children. Figure out the cost, and discuss ways everyone can help to reach the goal.

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Testimonials

Marion County Bank has such friendly, helpful staff - I haven't encountered anyone who wasn't nice during my transactions.

Lori from Pella

Thank you for being a bank that cares about the community. The Pella Bucks promotion is an awesome example of this....I am proud to bank with MCB.

Deb from Pella

My husband and I have been humbled and blessed by the ways that MCB has worked with us to help us achieve our financial goals.

Marilyn from Pella

The service is exceptional and the staff is knowledgeable.

Dia from Pella

You guys are awesome! We love banking with you! :)

Jodi from Pella

When I drive through the Windmill bank they are the most friendly ladies ever! I have never had a bad experience there!!

Tasha from Pella

1 - MCB Colors Voted Best Bank of the Red Rock Area by the public.

We really appreciate your input and prompt response with questions.  If we've learned one thing through this process, it is that it really pays to stay local!

Erica from Pella

I like how you are involved in the community and support the local schools.

Timothy from Pella

I recently moved to Pella and decided to choose Marion County Bank.  I can't tell you how happy we are with that decision.

Aaron from Pella

I feel confident banking with Marion County.

Melanie from Pella

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Weather module (2)

Cloudy

21°F

St. Pella

Cloudy

  • 09 Dec 2016

    Partly Cloudy 22°F14°F

  • 10 Dec 2016

    Snow Showers 28°F17°F