Teach Children to Save
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posted
4/21/2011
in Education
Teach Children to Save is a part of a nationwide financial literacy effort to teach children about the importance of saving as the basis for future financial security. This program, developed by the American Bankers Association’s Education Foundation, utilizes the knowledge of volunteer bankers in a classroom setting. Across the country, bankers visit elementary and middle school classrooms to teach students about saving, how interest makes money grow, how to budget, and determining needs and wants.
Through the program, children are encouraged from a young age to develop the habits that will help ensure their future economic independence. Early lessons in learning how to spend, save, and invest can prepare a young person for a lifetime of sound money management. Bankers are experts at money management, so it’s a natural fit for us to get involved in the financial education efforts. We have knowledge and skills that fill the need for financial education.
First National Bank has participated in this cause for several years by helping students in Sioux City, Le Mars and Sioux Center learn about saving money. From teaching in the classroom to giving bank tours, our bankers create fun and interesting presentations that will encourage good savings habits.