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:

Decoding Your First Paycheck

So you got your first paycheck–great news! It feels good to earn your own money, and it feels even more awesome to be able to understand your paycheck fully. Paychecks can seem mysterious at first, full of new terms, odd acronyms and perplexing line items. Even if you’ve got direct deposit set up and the […]


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Top 10: What You Should Let Your Kids Buy for Themselves

As a parent, it can be hard to navigate what you should buy for your kids. Your teenager may be asking for money for shopping, trips to Chipotle, and the latest iPhone. It’s completely appropriate and even helpful to your children’s financial literacy to let them buy certain things for themselves. Here are the top […]


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You Got Your First Job, Now What

Your first job–congratulations! We’re so excited for you. Getting your first job is a huge deal. Definitely celebrate, but make sure to take care of a few practical matters beforehand. We’re highlighting four things you should do right away once you sign on the dotted line for your first job. 1. Automate your savings. If […]


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3 Ways to Invest (Not Spend) Graduation Gifts

You’ve graduated–congratulations! People love celebrating recent grads, so you may have received an influx of cash from relatives and family friends. What the heck should you do with your graduation money? We have three simple ideas for you to invest that money rather than spending it. Open a Certificate of Deposit Account You probably already […]


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Managing Money from Babysitting & Lawnmowing Jobs

Getting your first job can be super exciting! Making your own money from work like babysitting, lawn mowing, and pet sitting can be very rewarding. But what should you do with the money you’re earning f? There are plenty of great options that’ll help you build a strong financial foundation for the future. Here are […]


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Financial Support After College

So your kid has graduated from college–amazing news! Congratulations! But there’s a common question we bet is weighing on your mind: for how long should I continue to financially support my adult child after college? It’s a tough question with no clear right or wrong answer. We’ll walk you through some factors to consider as […]


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Weekend Getaway? How to Travel on a Budget in 2020

It seems that given the way this year is going, everyone needs time away to rest and recharge. Even with tighter travel restrictions in place, it’s possible to have an amazing weekend getaway in New York State and not spend a fortune to do so. A short trip can be just as fun as a […]


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All You Need to Know About Mobile Wallets

It’s 2020 and the vast majority of us have our smartphones glued to our fingertips at all times. So why not ditch your bulky physical wallet and start using a mobile wallet on your smartphone? Mobile wallets can seem complex and confusing at first glance, but we’re breaking down for you what exactly they are, […]


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The #1 Rule for Tracking Your Child’s Spending

As a parent, you want to set your child up for financial success. We don’t learn about money unless someone teaches us, and even if you don’t explicitly have educational conversations about money with your kids, they’ll still learn about money from the habits and behaviors you model for them. If you’ve set up a […]


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Checking & Savings Account Tutorial

You’re probably familiar with checking and savings accounts in general. Do you have either one? Today we’re highlighting some of the differences between the two, when you should use each one, and how these kinds of accounts can help you meet different needs. Checking Accounts Checking accounts let you make both deposits and withdrawals. If […]


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