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June 24, 2026
Folsom, Calif. – (June 24, 2026) – SAFE Credit Union Chief Financial Officer Alexis Fitzpatrick and Financial Wellness and Community Development Manager Hector Madueno shared their expertise as finance professionals and parents in a recent article about kids’ allowance.
The article in Abridged, a Sacramento-region digital news outlet of public broadcast station KVIE, shares best practices and parents’ personal experience in helping their children learn financial basics through allowance.
“I think the biggest mistake is bribing kids’ behavior with money. I think there’s a difference between bribing and rewarding,” Fitzpatrick says in the article. “The parents’ responsibility is to teach. It’s about teaching the importance of finances. It’s about teaching the importance of saving, when it’s appropriate to spend, and if you do spend, what does that mean in the future that you can’t have.”
Madueno says that for families who may not be able to afford to give their children a regular allowance, there are other viable ways to teach kids healthy money habits.
“Not every household can give an allowance, but every household can be transparent,” he is quoted in the article. “Like, when they’re grocery shopping, I’ve had parents help kids clip coupons with them and show how they save at the grocery store. Every family shops for food.”
Read the entire article on Abridged.
About SAFE
SAFE Credit Union has made members an integral part of its vision since 1940. Over the years the credit union has kept the focus on what really matters, putting members first, a formula that has seen SAFE grow into a leading financial institution in Northern California with $4.3 billion in assets and about 244,000 members. SAFE crafts every cutting-edge product and sterling service with members’ needs foremost in mind. In addition to banking services conveniently available through online, chat, mobile, or phone options, SAFE offers in-person services for members and small businesses at service centers across the Greater Sacramento region. SAFE is a not-for-profit, state-chartered credit union with membership open to businesses and individuals living or working in Sacramento, Placer, Yolo, El Dorado, Sutter, Butte, Nevada, Solano, San Joaquin, Contra Costa, Yuba, Amador, and Alameda counties. Equal Housing Opportunity Lender. Insured by NCUA. www.safecu.org
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