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TEACH CHILDREN TO SAVE DAY
In observance of Teach Children to Save Day on April 24, Quad City Bank & Trust is encouraging local families to recognize the day by communicating the value of saving money to the young people in their lives.
Tips for raising money-smart kids:
- Set the example of a responsible money manager by paying bills on time, being a conscientious spender and an active saver. Children tend to emulate their parents' personal finance habits.
- Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them - even the tough ones.
- Explain the difference between needs and wants, the value of saving and budgeting and the consequences of not doing so.
- Open a savings account for your children and take them with you to make deposits, so they can learn how to be hands-on in their money management.
- Let friends and family know about your childâs savings goal. They'll be more likely to give cash for special occasions, which means more trips to the bank.
- Engage your community. Many schools, banks and community organizations share your commitment to creating a money-savvy generation. Engage a coalition of support to provide youth with the education they need to succeed.
Since its inception in 1997, the American Bankers Association Education Foundationâs Teach Children to Save Day has reached more than 5 million young people with the help of some 120,000 plus banker volunteers. Learn more at the Teach Children to Save website.
For more information, please contact any Account Executive.
Information provided by the American Bankers Association.