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For a credit educational program,
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Hawthorn Bank is offering a free financial educational program on our website to help teach young people how to use credit wisely.

The Get Smart About Credit eLearning Program focuses on the core activities of becoming creditworthy, budgeting, comparing credit cards, understanding credit reports and safeguarding personal financial information. Interactive quizzes test students’ knowledge throughout and pre- and post-program tests measure the results. The curriculum is designed for 14- to 22-year-olds.

“Eleven percent of teens and 83 percent of college students have credit cards, but many lack the training to use credit wisely,” said Susan Cole, Director, ABA Education Foundation. “Bankers across the country are stepping up to the task of teaching young people the basics of personal finance. The Get Smart About Credit eLearning Program allows banks to reach into their communities and help youngsters start off on the right financial foot.”

The responsible use of credit is important not just for teens but for all consumers. Hawthorn Bank offers these tips:

• Establish a budget and stick to it. A budget helps keep you on track.
• Not everyone needs a credit card. Educate yourself on how credit works before you obtain a card.
• Choose the credit card that is right for you. Interest rates, credit limits, annual fees and terms vary, so be sure to pick the product that best meets your needs.
• A credit card is a loan, so don’t spend more than you can afford.
• Pay your bills on time. Late or missed payments can hurt your credit record and credit rating.
• Know the warning signs of credit trouble and get help fast.
• Call your bank if you have questions. Bankers are knowledgeable and can offer suggestions on ways to manage your money.

"Money Matters for Students" is packed with lots of useful information about banking, higher education, applying for a job, homework help, and special offers for high school and college students.