Maine CU League Works With Media As A Source For Financial Literacy Advice On Holiday Spending

December 12, 2014

In two recent media interviews, the Maine Credit Union League has provided tips, resources and advice on ways to help consumers spend wisely and efficiently for the holidays.

In a two-part piece that aired on ABC 8 WMTW, the League’s Jon Paradise, VP of Governmental & Public Affairs, outlined some holiday spending tips to “help consumers avoid starting out the new year in the ‘red’.”  Paradise also highlighted the continued popularity of Christmas/Holiday Clubs at credit unions and the benefits to consumers that utilize these to set a budget for the holiday.  He also offered ideas to integrate youth into the holiday shopping experience by “addressing holiday shopping as a hands-on lesson in money management for kids.  Getting kids involved in the making of a budget and how much can be spent on each person on their list, looking for coupons on-line and conducting the transaction at check-out is an opportunity to learn how much things cost and the importance of planning before shopping to avoid over-spending.”  In addition, ABC 8 posted some other holiday shopping spending tips attributed to your League and Maine’s credit unions. 

The League also was a source for a piece on holiday spending with CBS 13 and Good Day Maine.  In it, the League highlighted the fact that credit unions “are actively involved in helping consumers manage their finances efficiently, and many have activities for kids to get exposed to money management concepts in conjunction with holiday shopping at an early age.”  Both pieces reinforced the fact that it’s never too early to at least start a conversation with kids about budgets, spending and the fact that a credit card doesn’t mean you don’t have to pay for it - it just delays it until the end of the month when you pay it off, if possible. 

“The League continues to seek opportunities to help consumers with money management and personal finance,” explained the League’s President John Murphy.