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Raising Financially Responsible Children

Posted On: August 19, 2025 by San Luis Valley Federal Bank in: Financial Education

Raising Financially Responsible Children

Did you know that setting up a savings account for your children can be the best way to get them started on healthy and successful money habits? On the surface, it teaches basic math skills, but more importantly, it encourages long-term thinking and planning, which helps children become more goal-oriented. Also, it helps children better understand the value of money. The best way to encourage saving is to help them set a realistic goal and make it fun!...

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Tags: Budget, Financial Education, Financial Literacy, Saving

Health Savings Accounts

Health Savings Accounts

Posted On: September 29, 2023 by San Luis Valley Federal Bank in: Financial Education

The Power of Health Savings Accounts

In today's ever-changing healthcare industry, one tool that has emerged as a powerful ally for those seeking to take control of their medical expenses while building financial security is Health Savings Accounts (HSAs). If you're enrolled in a high deductible health plan (HDHP), an HSA can be a game-changer, offering a blend of tax advantages and savings opportunities. At San Luis Valley Federal Bank, we understand the significance of HSA accounts...

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Tags: Financial Education, Health Savings Accounts, HSA, Savings