Raising Financially Responsible Children
Posted On: August 19, 2025 by San Luis Valley Federal Bank in: Financial Education
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!...
Money Mule Scams
Posted On: September 27, 2024 by San Luis Valley Federal Bank in: Financial Education
When criminals obtain money illegally, they need to hide or launder the source of the funds. One method they use is to look for people to transfer that money for them. Those people become money mules, and are used to move and launder the money.
If someone sends you money and asks you to send some or all of it to someone else, you could be a money mule. Often, scammers will approach you online, but they may also call you directly. Regardless of the particular...
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Categories: Financial Education
Categories: Financial Education