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BANKING for KIDS
VBA WORKS WITH STATE TREASURER'S OFFICE FOR FINANCIAL LITERACY POSTER CONTEST!
http://www.vermonttreasurer.gov/documents/literacy/2008PosterWinners.pdf
Financial Education Takes Center Stage in April
There's more to April than income tax payments. It's Financial Literacy for Youth Month.
Throughout the month, bankers, brokerage houses, education groups and government agencies focus special attention on teaching young people the financial facts of life.
Why is there such concern about "financial" literacy? "Schools and families work hard to teach children the skills they need to eventually get a job and make money. However, not enough of our kids are taught how to manage that money once they've earned it," says Dan Iannicola, Jr., Department of the Treasury's Deputy Assistant Secretary for Financial Education.
On a crowded academic agenda, financial education is getting lost. Only four states require students to complete a course that includes personal finance before graduating from high school, according to the National Council on Economic Education's 2003 Survey of States.
On the home front, parents need lessons too. "Almost half of all parents say they don't set a good example when it comes to handling their own money and are not capable of properly teaching their children," reveals "Teaching Kids About Money," a survey conducted by Northwestern Mutual.
"Financially educated young people are more likely to grow up to be financially secure adults," asserts Treasury's Iannicola. "In April we recognize the challenge of increasing financial literacy and the role each of us can play in meeting this challenge."
NATIONAL TEACH CHILDREN TO SAVE DAY - April 29, 2008
National Teach Children to Save Day is held in April each year. It's a great time to introduce your bank's education efforts or highlight your bank's commitment to financial education as part of a nationwide event.
Better still, you can use the Teach Children to Save Resource Kit year-round and differentiate your bank in the community.
Teach Children to Save Resource Kit from the ABA Education Foundation
The Teach Children to Save program offers you and your bank a special opportunity to teach today's youth the financial basics they will need to become responsible young adults.
This K-12 program has a proven track record and provides age-appropriate lessons that are EASY to teach and EASY for audiences to comprehend.
Lesson plans and activities are neatly grouped by grade level, and the tab dividers keep you organized.
For more information go to http://www.aba.com/ABAEF/TCTS_Kit_Contents.htm
Money in Motion:
A Free Financial Literacy Program for Teens
Financial literacy is a priority issue, on the minds of the White House, the Treasury Department, regulators and legislators. At a time when bankruptcy rates are high, savings rates are low, and credit cards abound, what better time for the banking industry to take a leadership role in education the next generation on the financial facts of life?
The ABA Education Foundation has teamed up with Scholastic, the largest publisher of children's books to produce Money in Motion. This program is a financial literacy program designed to help teachers educate their students on basic financial skills.
Bankers wand to do more to help educate our youth but sometimes can't get into the classrooms. Money in Motion was created to allow teachers to administer the lessons when and how they fit into their schedules. The lessons meet supplemental standards, so consumer sciences, math, or economics teachers can download the lessons from the Scholastic website at www.Scholastic.com and integrate them into their curriculums.
'GET SMART ABOUT CREDIT' DAY
ABA's program GET SMART ABOUT CREDIT teaches teens and young adults the responsible use of credit. The annual GET SMART ABOUT CREDIT DAY is scheduled for October 18, 2007. On this day, volunteer bankers across the country will teach students how to budget, use credit cards responsibly and build a positive payment history. Bankers will use lessons and activities from the new GET SMART ABOUT CREDIT resource kit offered by the American Bankers Association.
According to the Youth and Money Survey, the majority of students, ages 16-22, have never taken a class in personal finance. Also, according to Teen research Unlimited, teenagers spent $175 billion last year, an average or $104 per week. This spending comes without any financial literacy education.
For more information, please go to the ABA's website at http://www.aba.com/abaef/getsmartaboutcredit.htm
