Welcome to the

first ever Long

John Saver Kids

Club newsletter! You know that Long John

Saver is a smart pirate who

can help make your treas-

ure grow. He and his

friends have some great ideas for sav-

ing money, making money and even

sharing money! His newsletters will be

full of information and tips that you

can use to become a smart saver and

spender. He also has games, brain

teasers, fun facts and puzzles espe-

cially for you.

The Long John Saver Kids Club

newsletters will be available every

quarter through our website,

www.beachmunicipal.org.

Be sure to ask your parents before

logging on!

Welcome!

Money Matching It’s easy to tell the difference between coins

because each one is a different size or

color. Paper money, though, can be a bit

tricky because it’s all the same size and

color. Reading the numbers on a bill will

tell you how much it’s worth, but there’s

another way too. Each denomination of

paper money has a portrait of a famous

American on it. Can you match the denomi-

nation to the person whose face is printed

on it?

1. $1 A. Ulysses S. Grant

2. $5 B. Benjamin Franklin

3. $10 C. Abraham Lincoln

4. $20 D. Alexander Hamilton

5. $50 E. George Washington

6. $100 F. Andrew Jackson

Did You Know? • A million one dollar bills

weighs about 2,040 pounds.

• The image on the back of a U.S. coin is always upside down compared to the front.

• A quarter has 119 grooves around the edge.

• It takes 40 tons of pressure (the weight of about 10 elephants) to stamp the design on a penny.

—from usmint.gov.

Long John Saver Kids Club

B E A C H M U N I C I P A L F E D E R A L C R E D I T U N I O N

Volume 1, Issue 1

Spring 2006

Welcome 1

Did You Know? 1

Money Matching 1

It Makes Cents 2

Weekly Budgets 2

Games & Puzzles 3

Youth Week 4

Letter to Parents 4

Inside this issue:

Answers: 1=E; 2=C; 3=D; 4=F; 5=A; 6=B

• List all the things you spend money on regularly — for exam-

ple, snacks or school supplies.

Include any new expense you

expect during the week, such as a

birthday present, and estimate

the amount. That money is for

“extras.”

• Thinks about what you’re saving for. Write the amount you need to

set aside each week to make this

happen.

• Finally, list any donations you might make to help others.

• Now you can subtract the “money out” from the “money in.” Your

budget should balance. If it does-

n’t , be sure to work on a way to

fix it.

This is a great way to start a lifetime of

good money management! Ask your

Mom or Dad to help you get started.

Good luck!

Did you know that most of our coins are like little metal sandwiches? The

outside layers are three-quarters cop-

per and one-quarter nickel and the

“filling” is solid copper. Pennies are

made of zinc coated with copper.

Only nickels are one solid material —

that same 75% copper/25% nickel

alloy.

Groove-y edges made them harder

to copy...The dollar, half-dollar, quar-ter and 10-cent (dime) denominations

were originally produced from

precious metals (gold and silver).

The reeded (grooved) edges were

created to make sure no one would

alter the coins and try to file off the

edges to retrieve some of the precious

metals.

How can you tell where a coin came

from? Mint marks show what minting facility your coins came from — “P”

for Philadelphia, “D” for Denver and

“S” for San Francisco. This mark can

be found

to the right

of the sub-

ject’s face

on the

“heads”

side of the

coin. The

only ex-

ception is

the “Philadelphia” Lincoln cent — it

has no mark at all!

—from usmint.gov.

Get On Track With A Weekly Budget

It Makes Cents

Pirate Erin’s Weekly Budget

Do you keep track of

where your money is

coming from and

where it’s going each week? Does it

seem like you never have any money

— even when you just got your allow-

ance yesterday? Then maybe it’s time

to start a weekly budget. You just

might realize why your money is dis-

appearing so quickly.

Take a look at Pirate Erin’s weekly

budget. What do you notice about

how she handles money? If you no-

ticed right away that her budget bal-

ances, meaning she doesn’t spend more than she has, you’d be right!

Now that’s a sign of a good budget.

One good way to avoid running out of

money quickly is to make a plan like

Pirate Erin’s and then stick to it! Fol-

low her example to create your own

budget:

• List all your income (all the money you get each week)

Page 2

Money In (Income):

Allowance: $5.00

Gift from Grandma: $20.00

Total: $25.00

Money Out (Spending):

Snack: $1.25

Stickers: $2.50

Savings:

American Girl Outfit: $21.25

Total: $25.00

Long John Saver Kids Club

Page 3

Games & Puzzles Page

Long John Saver Word Search

Beach Municipal

Coins

Credit

Union

Dollar

Earn

Long John Saver

Member

Money

Savings

Smart

Spend

B M K S S M J O C B M U M V R

V X S T G U C F I B D O A A H

R E V A S N H O J G N O L D T

Z F Q N X I I A I E T L H N I

N X R G S O X V Y N O C S E D

C A O A S N F G A D S C K P E

E T W J D C P B Z S B W E S R

B E A C H M U N I C I P A L C

X Z M K G B X D M E M B E R E

B V Y J A W M D T R A M S X X

Beach Municipal is joining thousands of other credit unions around

the country in celebrating National Credit Union Youth Week April

24-28. Youth Week gives your credit union an opportunity to shine

the spotlight on how we can help you understand the importance of

learning to save, share and spend responsibly.

To celebrate, Long John Saver has a special gift just for you. Visit

either branch location during Youth Week and pick up your FREE

Kids Club t-shirt. Supplies are limited, so be sure to stop by early!

Help Long John Saver Celebrate National Credit Union Youth Week

A few of our founding Kids Club members.

Letter to Parents The Long John Saver Kids Club was developed to help teach our young mem-

bers about financial responsibility. This newsletter is just one of the components

of the Kids Club that we will use as an educational and fun tool to teach the im-

portance of sound saving, spending and sharing.

Our website features a Long John Saver Kids Club section full of information and

games for you and your child. Log on today and check out Googolplex, the CU

Guide for Student Moneymakers. Googolplex contains three reading and inter-

est levels to appeal to children of all ages: C-Note University for high schoolers, AJ’s Mall for middle school students and

the Five-Spot Clubhouse for younger children. The Five-Spot Clubhouse introduces elementary students to basic money concepts, addressing saving, spending, and of course getting rich. Each week young members will find something NEW—

a puzzle, game, quiz, or money-making story to help them learn to save for the future, learn to spend wisely, and learn to

borrow responsibly.

Want more? Check out the following links:

www.jumpstart.org — explore how to improve financial literacy among today’s

youth

www.financial-education-icfe.org/children_and_money/index.asp

— enjoy articles on financial education, youth financial literacy and money

« Joke Time » “What has fifty heads and fifty tails?“

Page 4

Beach Municipal FCU 4164 Virginia Beach Blvd. Virginia Beach, VA 23452

757.333.7787 www.beachmunicipal.org Fifty pennies!