April 16, 2015: BauerFinancial, Inc., the nation’s premier bank rating and research firm, would like to remind parents, teachers, guardians, mentors, and anyone else who has influence on children, that April 24, 2015 is National Teach Your Child to Save Day.
This event, sponsored by the American Bankers Association, has mobilized thousands of bankers the past several years. Each year, bankers go to classrooms across the country to help educate the nation’s youth. But they can’t be expected to do it all. Good savings habits start at home.
Does your child have a savings account yet? If not, take your child to your bank or credit union and show him or her around. Open a savings account and explain how the interest earned will make their money grow. Don’t forget to review the account statements with the child when they arrive.
Many community banks and credit unions offer programs to help children become more financially literate. The fact is: financially capable children usually grow up to be financially secure adults.
These simple acts today will help produce more responsible consumers tomorrow.