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Eagle Bank & Trust Joins ‘Teach Children To Save’ Campaign

April 12 marks annual Teach Children to Save Day

Eagle Bank & Trust is partnering with numerous schools in the Central and Northern Arkansas markets to celebrate Teach Children to Save Day with savings education in April.  More than 1300 local students will explore and learn how to identify expenses and learning the difference between needs and wants.

Established by the American Bankers Association Foundation in 1997, Teach Children to Save and the Foundation’s other financial education initiatives have helped reached 10.5 million young people through the commitment of more than 260,000 banker volunteers.

“Familiarizing students with financial education fundamentals at an early age puts them on a path to becoming smart money-managing adults,” said Jeff Lynch President and CEO “Teach Children to Save is a great opportunity for us to share our passion for financial education and improve our local community.”

Eagle Bank & Trust values our relationships with our communities in which we serve, this is a small way for us to give back to our communities.

Eagle Bank & Trust offers the following tips for money-savvy parents 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 child’s savings goal. They will be more likely to give cash for special occasions, which means more trips to the bank.
• Put the literacy in financial literacy. Encourage your children to read books that cover various money concepts. Not only will they become strong readers, but they will be smart money managers, too.
• 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.

The ABA Foundation provides financial education initiatives and resources that help bankers make their communities better.  The association’s signature initiatives, Teach Children to Save, Get Smart About Credit, Lights, Camera, Save! and Safe Banking for Seniors bring bankers and students of all ages together to enhance financial education.