{"id":2204,"date":"2015-06-04T17:15:08","date_gmt":"2015-06-04T23:15:08","guid":{"rendered":"https:\/\/iccu.lndo.site\/blog\/uncategorized\/how-far-would-you-go-to-save-money\/"},"modified":"2025-03-17T17:17:15","modified_gmt":"2025-03-17T23:17:15","slug":"how-far-would-you-go-to-save-money","status":"publish","type":"post","link":"https:\/\/www.iccu.com\/blog\/financial-education\/how-far-would-you-go-to-save-money\/","title":{"rendered":"How Far Would You Go to Save Money?"},"content":{"rendered":"

Would you \u201cgo commando\u201d before you would buy used\u00a0underwear, just to save a few bucks? If you said \u201cyes,\u201d you\u2019re in good company.<\/p>\n

Tax preparer H&R Block<\/a> recently polled young people to find out what they would be willing to do to save money. The company used \u201cWould you Rather?\u201d as a device, giving teens a choice between two unattractive options.<\/p>\n

According to the company, 73%\u00a0of those surveyed would rather\u00a0work concessions at the Super Bowl\u00a0than\u00a0clean up after a music festival. Another large majority, 72%, chose \u201cgoing commando\u201d over buying used\u00a0undies, while 55%\u00a0would rather be\u00a0Lindsay Lohan’s\u00a0personal assistant\u00a0than\u00a0wash the Dallas Cowboy’s laundry.<\/p>\n

Of course, there was a serious point to the\u00a0campaign: the company was using these humorous questions as a way to teach young people about personal finance. After the questions, the company offered tips like:<\/p>\n

Choosing a checking an account that doesn’t require a minimum balance, or charge you for each check written. The company also warned teens to check credit card interest rates before buying expensing items. They also suggested that teens pack a lunch instead of eating out.<\/p>\n

These are all good suggestions. However, H&R Block<\/a> could have covered a lot of their lesson simply by telling teens to open their account at a credit union, instead of a bank. After all, CUs typically offer the lowest fees on checking, and the best rates on credit cards. Your friendly local CU is also a wealth of information on how teens can avoid expensive financial traps, and make their dollars go further.<\/p>\n

In other words, join<\/a> ICCU and there will be no need to sacrifice new undies. Ever.<\/p>\n","protected":false},"excerpt":{"rendered":"

There was a recent poll of young people to find out what they would be willing to do to save money. The poll used \u201cWould you Rather?\u201d as a device, giving teens a choice between two unattractive options. 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