Academic journal article ABA Banking Journal

Plan Now for Teach Children to Save Day

Academic journal article ABA Banking Journal

Plan Now for Teach Children to Save Day

Article excerpt

A young person spends an average of $104 per week, a figure that highlights the urgent need for them to have a firm grasp of financial management basics. Yet recent studies report that almost 90% of young people have never taken a class in personal finance, although collectively they spend billions of dollars each year.

The ABA Education Foundation's 12th annual National Teach Children to Save Day on April 29 provides a life lesson on the importance of saving money.

"Bankers and financial education are a perfect fit," said ABA Education Foundation Director Laura Fisher. "Students appreciate financial lessons from bankers, as they would appreciate music lessons from a musician. They are literally getting the information 'straight from the banker's mouth.' And this makes a difference."

As part of National Teach Children to Save Day, bankers will incorporate games and activities into foundation-prepared lessons on the concept of saving, how interest makes money grow, how to create a budget and differentiate between needs and wants. Since the foundation launched the Teach Children to Save Day program in 1997, more than 45,000 banker volunteers have reached nearly 2. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.