Saturday, October 24, 2020

National Teach Children to Save Day

Financial literacy is a year-round priority for Oklahoma banks. Teach Children to Save Day is the “official” day for banks to get out in the schools and take on the important task of instilling financial smarts in students.

The 23rd annual National Teach Children to Save Day will be April 12, 2019. Oklahoma bankers are looking forward to getting out in community schools once again and helping educate children about the importance of good savings habits.

Taking part in National Teach Children to Save Day is easy for banks:

  1. Order a Teach Children to Save Day kit from the American Bankers Association. It includes everything you need to make your day a success.
  2. Contact your local elementary, middle or high school and set a time to give a lesson in financial management.
  3. Get out there and enjoy yourself! Use the ABA kit as a starting point, but then find your own way to communicate with the students and make this day special for everyone.

Additional resources:

Ways to participate:

  • Have classes/local youth groups visit your bank for a tour
  • Visit area classrooms for a presentation and/or activity
  • Promote savings accounts for children in April in your bank

 Potential discussion topics:

  • Money
    • What is money and how is it used in our society
    • History of money
  • Earnings
    • Discuss how money is earned and used to buy things
    • Identify sources of income and ways to earn money
  • What banks do
    • Discuss the basic purpose of banks and how banks function
  • Budgeting
    • Budgets
    • Understanding needs and wants
  • Savings
    • Why should you save
    • Which is better: a piggy bank or savings account
    • How money grows in a savings account

Past banks who have participated

American Heritage Bank, Sapulpa
Armstrong Bank, Muskogee
Armstrong Bank, Pawnee
Arvest Bank, Eufaula
Arvest Bank, McAlester
AVB Bank, Broken Arrow
AVB Bank, Tulsa
BancCentral, Enid
BancFirst, Marlow
The Bank, N.A., McAlester
Bank of the Panhandle, Guymon
Bank of Vici, Vici
Citizens Bank of Edmond, Edmond
Citizens Bank and Trust Company, Ardmore
First Bank & Trust Company, Perry
First National Bank & Trust of Ardmore, Ardmore
First National Bank and Trust Company, Chickasha
First State Bank, Anadarko
First State Bank, Valliant
First United Bank, Durant
FSNB, Fort Sill
FSNB, Lawton
International Bank of Commerce, Tulsa
Legacy Bank, Oklahoma City
Payne County Bank, Perkins
Quail Creek Bank, Oklahoma City
RCB Bank, Claremore
SNB, Shattuck
Sooner State Bank, Tuttle
Stockmans Bank, Altus
Stride Bank, Oklahoma City

Get your bank involved this year – it can be the start of something big! The kids will love it, their parents will thank you and you’ll have a great time. If you have questions, please do not hesitate to contact the OBA.