MIDLAND, Mich. – Dow Chemical Employees CU has signed with FamilyMint to offer the company’s financial literacy programs for youth.
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Under the program, kids 6 to 16 set financial goals, manage and track their money, and develop sound financial habits during their formative years. The parent acts as the banker and holds the money while FamilyMint acts both as a third party guiding core savings habits and as a tracking system.
FamilyMint said it simplifies parents’ lives by automating allowance and allowing them to encourage their kids to save with motivating interest rates and matching deposits for worthwhile goals similar to a 401(k).
