Academic journal article ABA Banking Journal

"Get Smart about Credit Day" Promotes Financial Education

Academic journal article ABA Banking Journal

"Get Smart about Credit Day" Promotes Financial Education

Article excerpt

Thousands of bankers from across the country went into classrooms and participated in programs to teach teens and young adults about the responsible use of credit during the ABA Education Foundation's first Get Smart About Credit Day on Oct. 16.

Bankers used lessons and activities from the foundation's In Charge credit education kit for the program, which is modeled after National Teach Children to Save Day.

For Get Smart About Credit Day, volunteer bankers visited colleges, high schools, freshman orientations, youth groups and continuing education classes to teach students how to budget, use credit cards responsibly and build a positive payment history. "The choices young adults make with their first credit card will impact their lives years later when they apply for a car loan or even a mortgage," said Barbara Ralston, chairman of the ABA Education Foundation and president and CEO, Camelback Community Bank, Phoenix. "Our goal is to raise awareness about the responsible use of credit so teens and young adults can build a positive payment history--not end up in bankruptcy court. …

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