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Dollar Dog Kids Club

Give the kids in your family a financial head start!

Learning to save and manage money can be fun thanks to USPS FCU's Dollar Dog Kids Club. It's the perfect way to teach kids ages 12 and under the value of saving money on a regular basis. Simply open a Dollar Dog Kids Club Savings Account for each child in your family with an initial deposit of $10.00 or more. Send us an email or call us at 1-(800) USPS FCU to request more information.

Sign Up Today!

 
Download this Membership application.  After you open your savings account, come back and visit Dollar Dog online by clicking on him above.

Resources

It's never too early to learn good spending and saving habits. Read the articles below to learn how to earn money and why it's important to save.

Earning Money

You’re growing up and assuming more responsibilities. And maybe you’re getting an allowance for some of those chores you do around the house. Perhaps your relatives have finally started giving you cash for your birthday.

And now that you’ve gotten a little taste of financial freedom, you want more! Here are a few suggestions for how you can earn money if you’re under 18:

  • Get a part-time job.
  • Referee at local youth sporting events.
  • Baby-sit.
  • Tutor younger kids.
  • Do extra work around the house.
  • Walk dogs or pet-sit.
  • Do yard work.
  • Get a paper route.
 
Saving Money
Now that you're earning money, it's important to start saving money and here's why:
  1. Emergencies: You forgot to put your skateboard away last night and it was stolen. Your parents refuse to buy you a new one because it was your responsibility to bring it in. If you don’t have any money saved, you’ll be sitting at home next Saturday when your friends are at the skate park.
  2. Current Expenses: Need money for new clothes, DVDs or movie tickets? If you’ve set aside some savings, these expenses will be easy to pay for.
  3. Future Purchases: Prepare today for future major expenses like buying a car and paying for college.

If you want to start saving and earning dividends at the same time, ask your parent or guardian to help you open an account. Then you can look at your statements together and see how your money has grown!

 
Savings Accounts and Earning Interest
Make your money work for you by saving at USPS FCU! The credit union will pay you interest for keeping your money in a savings account.

Here’s an example of how interest works:

If you save a dollar a day in a jar in your room, after 10 years you’ll end up with $3,650. That’s more than a small chunk of change.

However, if you save that dollar a day in your credit union savings account, earning 2.5% interest, you’ll end up with $4,147. That’s an extra $497!

Where does this extra money come from? It’s the magic of compounding interest. Compounding means that if you save the interest that your money earns, it will earn interest, too. That’s right; you can earn interest on your interest.

As you save more money, you’ll discover ways to make your money work even harder. There are savings products that pay even more interest than savings accounts. For example, money market accounts and share certificates. You can find out more about these products at the credit union.