Reaching My Summit

Welcome to Reaching My Summit, a new resource designed especially by The Summit Federal Credit Union to help teens, young adults and their parents figure out everything money. And not just boring financial stuff you find on other sites, but real life support based on what’s important to you. Whether your financial goals are big or small, they’re important to you.

We want you to reach your personal summit and your biggest dreams, whether you’re a parent trying to figure out how to talk to your kids about money, a teenager with your first job, or a college student or grad taking the next big step in your financial freedom. Reaching My Summit does just that — we’re here with helpful information, tips and expert advice on how to start managing your financial future today.
Audience:

In-App Purchases: How to be a Smart Consumer

In-app purchases  are becoming more and more common these days. There are plenty of apps where you can find yourself spending money within a couple of quick taps without even thinking about the fact that you’re doing it. We’re highlighting the good, the bad and what you can do to be more aware as a […]


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Start Building Wealth For Your Child With Their First Paycheck

It’s always exciting when your kid starts their first job! Getting that first paycheck can be a little confusing; this article is a great reference for any first time worker, no matter what age. Once they understand their paycheck, the next step is having a checking account so they have a safe place to keep […]


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Reaching Your Summit – Financial New Year’s Resolutions

Throughout this year, The Summit Federal Credit Union has been helping teens, young adults and their parents figure out everything about managing their money. These financial pieces have covered what’s important to you–your goals, questions, and ways to start a strong financial future. With a new year upon us, we thought it was time to […]


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Balancing Your Online “Checkbook”: A Guide for Teens to Track Their Spending

You may have heard your parents talking about balancing their checkbook, and rolled your eyes or LOL’d. We’ll admit, it sounds old school, but sometimes that’s a good thing! Even if you’re not logging all of your purchases in an old-fashioned checkbook, you should still track your spending through a Google Sheet or budgeting app; […]


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How to Prevent Overdrawing Your Account

One thing to avoid as you begin to be more financially independent is overdrawing your account. Overdrafts happen when you make a purchase that pushes the balance of your checking account negative. This can have a few negative ramifications including not having the funds to cover bills and being charged overdraft fees. Here’s what you […]


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Loans, Grants, & Scholarships: A Student’s Guide

Heading off to college next year? We’re so happy for you! If you’re nervous about covering the cost of college, we recommend sitting down and having an upfront conversation about it with your parents or guardians. They may be helping you out where they can, you may be chipping in a bit yourself, but what […]


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Loans, Grants, & Scholarships: A Parent’s Guide

So your child is off to college. Congratulations! That’s amazing, and we’re so excited for you both. But how will you pay for it? Most families use a combination of savings, loans, grants and scholarships. Confusion can come with so many forms of financial assistance, so we’ll walk you through the differences and other important […]


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5 Reasons a Checking Account is a Must Have

Checking accounts might seem outdated with all the online payment options, but this financial workhorse is a must-have for anyone who has money at their disposal. A checking account is a powerful tool that not only houses your money, but helps you budget, pay bills on time, and save for bigger purchases. Advantages of having […]


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Direct Deposit 101

Chances are you’re reading this because you got a job and on your first day the HR manager asked if you wanted direct deposit for your paycheck. And whether you said “yes”, “no”, or “uh, let me get back to you,” it’s important to understand how direct deposit works as it’s going to likely be […]


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4 Things You Should be Letting Your Teens Do with Their Money (and 1 You Shouldn’t)

As your kids start getting older and earning more money for themselves, it can be difficult to discern what you should let them do with their money and what you shouldn’t allow. How can you encourage them to develop good financial habits but also prevent them from making big mistakes? We’re talking you through four […]


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