Pictured: Ryan Milligan (L) and Paul Milligan (R) talk about financial literacy with Kuemper middle schoolers.
Volunteers from Commercial Savings Bank (CSB) recently visited local classrooms to promote financial literacy as part of the national Teach Children to Save Day initiative. Bank representatives partnered with Carroll Middle School (CMS) and Kuemper Middle School (KMS) to present lessons on basic financial concepts, including the difference between needs and wants and the importance of saving money. The program is part of a national campaign created by the American Bankers Association (ABA) Foundation in 1997. Since then, the initiative and other financial education efforts have reached more than 11.6 million young people through the work of over 275,000 volunteer bankers. CSB President Ryan Milligan says, “Familiarizing students with financial education fundamentals at an early age can help put them on a path toward becoming smart money-managing adults. Teach Children to Save is a great opportunity for us to share our passion for financial education and improve our local community.” This year marked the bank’s 10th year participating in the program. The program did not reach all students in the area, but CSB staff have tips for parents looking to raise money-conscious adults. Be an example for kids by paying bills on time and visibly saving to provide a model for them to follow. Talk openly with your children to help them understand the complexities of smart budgeting. Start saving early by opening children’s savings accounts. More resources from the ABA Foundation are available using the link included below.
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