Bankers Can Help Teach Students Money Saving Methods

Article excerpt

Bankers wanting to help encourage children to learn how to save money can do so by participating in National Teach Children to Save Day on April 17.

On that day, bankers across the country will make presentations to elementary school children on the importance of saving money. More than 5,000 bankers are expected to participate.

The special designation was initiated by the American Bankers Association Education Foundation. "Many American adults have missed out on the potential that saving money at a young age could have provided them," said ABA Executive Vice President Donald G. Ogilvie. "But it's not too late for children to board the train of healthy financial management before it leaves the station." ABA has prepared a resource kit for bankers who wish to participate in National Teach Children to Save Day. The kit, which costs $20, contains all the information needed to make a successful presentation in an elementary school, according to the association. The kit includes presentation tips, age-specific lesson plans as well as a few articles to help the bank promote the exercise. The association suggests bankers who wish to participate should call their local elementary school to schedule a presentation, and teachers interested in having a banker make a presentation to their class should call their local banker to request one. "Participation in National Teach Children to Save Day can be a first step in turning our nation's savings slide into a savings rise," Ogilvie said. "It gives bankers a unique opportunity to help children in their communities develop responsible money-management skills." The United States trails other industrialized nations in personal savings, as Americans save only 4.5 percent of their disposable income. That is down from 8 percent in 1970. Japanese households save at triple the rate of American households and Germans save at double the U.S. rate., according to the Commerce Department. To learn more about National Teach Children to Save Day, or to obtain a Banker Resource Kit for $20, call ABA's Customer Service Center at 1-800-338-0626 or fax your request to (202) 663-7578. People Guaranty Bank & Trust Co. has announced several promotions. The bank promoted Tim Doutey to information technology officer. He has been with Guaranty since 1994. Debby Kahoe, with the bank since 1991, was promoted to assistant vice president. …