Junior Achievement Biztown

Welcome to your path towards financial success!

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Are you intrigued by the world of finance and banking?

At Shore United Bank we believe it's never too early to start learning how to make smart financial decisions. 

Begin your financial education journey with,

Dive into the basics of budgeting, saving, and investing.

Learn how to make informed choices with your money and how to support a healthy financial wellbeing.

JA BizTown combines in-class learning with a day-long visit to a simulated town. This popular learning experience allows elementary school students to operate banks, manage restaurants, write checks, and vote for mayor. Students are able to connect the dots between what they learn in school and the real world.
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Money management made for your generation.
  • Online & Mobile Banking
  • No Monthly Service Charge or Minimum Balance
  • Visa Debit Card with Tap to Pay
  • Digital Wallet for your phone

Hey there, future financial experts! 🌟 Are you ready to dive deeper into the world of money? Buckle up, because we're about to explore budgeting, saving, and investing in more detail! 

Budgeting: Imagine you have a money wallet that refills every week. Budgeting is like planning how to spend that money. Write down what you want to buy, what you need to save, and how much you can spend. 

Saving: Picture your piggy bank. When you save money, you're not spending it right away. You're keeping it safe for later. Saving teaches you patience and helps you afford bigger things in the future, like a bike or a trip. 

Investing: Investing is like planting seeds in a garden and watching them grow into big, strong plants. Instead of seeds, you use your money to buy tiny pieces of companies. Over time, those pieces can become more valuable, and your money grows! 

Let's strengthen your money foundation with some important concepts! 

Interest: Imagine lending your friend a toy, and they give you another toy as a thank you. Interest is like that, but with money! When you put your money in a savings account, the bank gives you extra money for keeping it there. 

Credit Scores: Think of credit scores as your money report card for being responsible. It's like showing how well you handle your money. When you borrow money and pay it back on time, your credit score goes up, and banks trust you more. 

Compounding: This is like a snowball rolling down a hill, picking up more snow and getting bigger. When your saved money earns interest, the interest earns more interest too. It's like a snowball of money that keeps growing! 

Good Debt: The Wise Borrowing

Think of good debt as a superhero cape for your financial goals. It's when you borrow money for something that can help you in the long run. Here are some examples:

Home Mortgage: Imagine having your very own castle! Borrowing money to buy a house can be good debt. It's an investment that could become more valuable over time. Plus, you're building a cozy home to live in!

Starting a Business: Picture having your own enchanted shop. Borrowing to start a business can be good debt too. If your business grows, you can earn more money and create jobs for others.


Bad Debt: The Tricky Trap

Bad debt is like a sneaky dragon that can cause trouble. It's when you borrow money for things that don't make your life better in the long run. Here are some examples:

Credit Card Debt: Imagine having a magic card that lets you buy things now and pay later. But if you don't pay the full amount each month, you can get stuck in a bad debt trap. The dragon of interest grows, and you end up paying more than you borrowed.

Impulse Buys: Think of impulse buys like quicksand for your money. Buying things you don't really need can lead to bad debt. That new toy might seem fun at first, but if it doesn't add value to your life, it's not worth borrowing for.

The Wisdom of Balancing

Remember, not all debt is bad, and not all borrowing is good. 

Ask yourself:

  1. Will it help me in the long run? Good debt should lead to a better future.
  2. Can I afford the payments? Make sure you can pay back what you borrow without struggling.
  3. Is there a better way? Explore alternatives before borrowing, like saving up for your goals.

By understanding the difference between good debt and bad debt, you'll be equipped to make smart choices and navigate the financial world.

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Career Opportunities

When you graduate and are ready to find a job, consider applying with Shore United Bank. Opportunity is knocking. Collaborate with inspiring colleagues - and build new skills that propel your career forward.