Academic journal article ABA Banking Journal

Never a Day Late and a Dollar Short

Academic journal article ABA Banking Journal

Never a Day Late and a Dollar Short

Article excerpt

On Tuesday, April 24th, the ABA Education Foundation held its National Teach Children to Save Day. This event, in its fifth year, helps America s youth learn the valuable lessons of budgeting, saving, and getting a healthy start towards a strong financial future.

The program brings bankers and their expertise into the classroom to discuss money matters with the next generation of banking customers. Teach Children to Save Day is designed to help youngsters get a better understanding of the ABCs of financial fitness by helping them develop financial "life skills" and battle the "spend now--worry later" mentality of credit cards.

The lessons reinforce educational goals established by both the National Council of Teachers of Mathematics and the National Council of Teachers of English, along with the national Family and Consumer Sciences standards. The lessons also take into consideration of guidelines set by the JumpStart Coalition for Personal Financial Literacy.

Employees and executives of banks ranging in size from Citicorp to Bank of Pocahontas volunteer their time and knowledge to teach children that saving is just as empowering as spending. They also lead discussions on how a bank works, and other financial and economic issues.

ABA's Education Foundation designed lessons for age groups that range from kindergarten to high school. Included in each lesson plan are discussion topics, objectives, craft projects (for the younger grades), worksheets and games. Parents also receive a resource guide to help them continue the financial learning after the presentations are over.

The Bank of Pocahontas, Pocahontas, Ark., which has been affiliated with the program since its inception five years ago, finds it so easy to manage that it keeps sponsoring the event every year. …

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