Coin Carnival: A Kids Money Event

• Importance of Teaching Financial Literacy

  No parent or guardian would ever dream of letting their children grow up not knowing how to read or write. When it comes to financial literacy, though, many children grow up not knowing the basics of money management, let alone how to set financial goals.  

  This isn’t because most parents are bad parents. It’s because the parents themselves were never taught financial management skills, and as a result they don’t understand the importance of teaching financial literacy to children. That’s where the following information fits in.

  We’ve found that the best way to teach children basic money management strategies is to use the concept of Save, Share, Spend, and Learn. This concept encourages kids to budget the money they get from gifts or allowances. When teaching this concept, we recommend having children place 25% of the money they get into saving and dedicate 5% for sharing, leaving them with 70% they can spend however they want.

  Save. Spend. Share. Learn.

  Teaching your children the importance of “Save, Spend, Share, and Learn” at a young age can sow the seeds of financial literacy. It can help them understand how to manage money and reach their financial goals. 👩‍🏫

  Blogs to Help Teach Your Children About Financial Literacy:

  • How to Teach Your Children About Budgeting

  • What to Consider Before Giving an Allowance

  • 6 Tips for Teaching Children About Finances

  Activities to Complete Together

  1. Download the S.M.A.R.T. Goals Packet

  2. Download our Financial Fitness Worksheet

  3. Visit the Rochester Public Library and check out books about money topics

  4. Check out our partner content on the Money in MN page of Rochester Local's website

• Coin Carnival: What to Know

  • When and where will the Coin Carnival take place? April 26, 2025, from 1:00-3:00 PM at the First Alliance Credit Union 16th St. Branch located at 50116th Street SE Rochester, MN 55904

  • What age range are the activities designed for? Most games are intended for kids ages 6-11. Whether you're a First Alliance Credit Union member or considering joining the credit union, all families are welcome!

  • What topics and activities will be covered during the Coin Carnival? The event will feature games for children that focus on financial literacy education and concepts. Kids will discover the significance of saving, spending wisely, and sharing, gaining financial insights throughout the experience!

  • Is there a cost to attend the Coin Carnival? No, this event is free for all to attend.

  • Do I have to register before coming to the Carnival? No, you do not need to RSVP for this event.

  • What incentives are there for attending the Coin Carnival? Games and activities as noted above plus the first 200 kids will receive a piggy bank. The first 25 families through the door receive a special financial literacy First Alliance swag bag! Parents and guardians, you have the chance to win too! Submit your photo at the selfie station with your children for a chance to win a $100 gift card to a Rochester restaurant!

  • Where should I park? There will be a few spots available in our parking lot at the 16th St. branch. You can also park next-door at The Minnesota-Wisconsin Baptist Church. Their address is 519 16th St. SE, Rochester, MN.

• Unlock Money Confidence with Greenlight

  Greenlight is the loved, trusted debit card and mobile app for kids and teens that helps families raise financially smart kids and manage everyday tasks.

  Greenlight Comes With:

  ✅ Kid's debit card (which parents can turn off if needed)
  ✅ Flexible parental controls to set store-level spending limits
  ✅ Option to receive alerts whenever the card is used
  ✅ Ability to automate allowances
  ✅ Assign and manage chores
  ✅ Fun games to help kids learn money skills
  ✅ Teach smart spending
  ✅ And more

  

   

  We want you to know if you click the red button above on this page you'll be leaving our website and sent to a 3rd Party page. While we consider Greenlight a partner, we do not represent them, or you, in any transactions you conduct with each other. We also don’t control or endorse their content, and they may have different privacy and security policies than us. If you visit their website, you are confirming you understand this information.

• SPARK Financial Literacy Week

  First Alliance Credit Union is proud to sponsor Financial Literacy Week at SPARK Children's Museum.

  Join us at SPARK Children's Museum during Financial Literacy Week: April 15-April 19.

  Check back soon for more details!

Get Tips for Teaching Your Kids About Money