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Plan a staycation

We can all use a break from reality from time to time, and a vacation is one of the best ways to escape. But, let’s face it, vacationing can be expensive. The good news is you don’t even need to leave town – you can plan a staycation! Sometimes a break from our usual routine is all we need for a little refresh which makes a staycation a great option. We don’t often take the time to explore our own towns and a staycation gives the chance to do just that.

1. Visit Local Attractions

Find museums, amusement parks, camping sites, miniature golf – the possibilities are endless! Ask around to discover the best attractions that are close to home. You’ll probably discover a few attractions you never even knew about.

2. Attend Local Events

Most towns have events happening throughout the summer – and some are even free! Search on Facebook or check your local newspaper. You may find carnivals, festivals, block parties, fireworks and more! Check your local event venues for any shows coming to town. Saving money on flights and a hotel by staying at home gives you extra cash to use on tickets for an entertainment act.

3. Try a New Restaurant

Have a few favorite restaurants you frequent? It’s time to try something new! Visit the local breakfast spot, grab lunch at a food truck or check out the new BBQ everyone is raving about. Eating out always feels like a treat, so planning a few meals out can make your staycation feel more like a vacation! Bonus: no cleanup. 😉

4. Get Outside

Getting outside and into nature is good for the soul! Pack up the car with drinks and snacks and try out some local hiking trails. Bring your swimsuits along and take a dip in the local swimming hole, lake or river. Relax in the grass, play games and just enjoy spending time together. Put the cell phones and tablets away, unwind and feel rejuvenated!

5. Make Your Own Backyard Paradise

Pick up an inflatable pool, sprinkler and yard games to create your very own backyard paradise! Leave the chores and to-do list behind and enjoy quality family time. Show off your grilling skills for dinner with hamburgers, hot dogs, corn on the cob and more summer staples. Top off your day with s’mores around the fire. Then, set up a tent and sleep under the stars. You’ll create lasting memories without leaving the house!

These are our top 5 tips for planning a staycation. If you’re still craving a vacation somewhere warm and sandy, let us help. 1st Franklin Financial’s Personal Loans go up to $15,000, and can help make your dream vacation a reality. Create family memories without breaking the budget!

June 27th, 2019

Posted In: 1FFC Blog, Education Articles

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Little boy putting coins into piggy bank

There’s no shortage of lessons a parent can teach a child. From sharing, riding a bike, cooking, and driving, parents are constantly teaching their children through instruction and example. One lesson that often slips through the cracks is how to be smart with money. In fact, a recent study by the National Endowment for Financial Education found that only 24% of millennials demonstrate basic financial literacy. With school-supported personal finance programs few and far between, it is often a parent’s responsibility to teach their kids about spending and saving.

No matter how savvy you consider yourself, there are plenty of ways to teach your children invaluable financial literacy skills at any stage. As you’ll see below, it is truly never too late (or too soon) to start learning.

Ages 4-6

Small children may be too young to understand the value of money, but the perfect age to begin counting with coins. Start to teach your toddler the difference between pennies, nickels, and dimes – just make sure they don’t swallow them!

  • Play store: It’s time to redefine the “Mom and Pop” shop. Give your child a few dollars to go shopping for items throughout your house. As your toddler gets older, you can start teaching them to assign prices and values to different things.

Ages 7-10

  • Start saving: Many banks don’t allow children under a certain age open an account, but now is when that piggy bank really comes in handy. Better yet, have your child save their money in a glass jar, so they can literally see how their money stacks up.
  • Open a lemonade stand: This classic childhood activity is the perfect opportunity to teach your future entrepreneur the value of hard work. Have your child use their allowance to shop for the ingredients, mix the lemonade, make the signs, and launch their lemonade empire.

Ages 11-14

  • Open a bank account: Make your next trip to the bank a special occasion and set up your child’s first personal account. Be sure to ask your banker if they offer children’s accounts with no fees or minimums. As the money accrues, you can start to explain how interest works as an incentive to save. 
  • Talk about credit: One of the trickiest money concepts to master is also one of the most important. Though 18 is generally the youngest you can be to apply for a credit card, the sooner your child understands the risks and rewards of credit, the better equipped they’ll be to use it responsibly to avoid debt later in life. Explain how you use credit to your child and educate them on how interest works – the longer you take to pay off your credit card, the more money you owe.

No matter what age your child is, teaching them about finance is an invaluable way to help set them up for future success. Start now to help them build the foundation for strong financial literacy and independence. Simply talking about money with your kids can help empower them to start asking questions and developing skills that will last a lifetime.


June 11th, 2019

Posted In: 1FFC Blog, Education Articles

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