Teaching kids to save at a young age

Community

There’s no age limit for learning how to manage money.

While money may be a taboo dinner table topic in your home, WTRF is joining forces with First Choice America Federal Credit Union to teach kids to start saving at a young age.

It’s all part of First Choice’s “Bank at School” program.

During the program, kids learn how to budget, the value of saving, how to earn a little extra money, and much more.

Officials believe the sooner you start talking about money with your children the better.

First Choice Elm Grove Branch Manager Babara Traylor said starting kids early creates ‘financial intelligence’.

“We try to teach financial education in order to help the kids. It gives them an incentive to save and it tries to build a strong future for them so they have a bank account established. It also helps them to develop good habits,” Traylor said.

“We have about 25 active students participating right now. Parents are pretty on the ball about it. They send the money in every Thursday in an envelope and the students have their own little ID card. They come up to the office by grade level, we put that in a little savings account, and it will go on with them for the rest of their life if they want it to,” added Katrina Smith, a 3rd-grade teacher at Middle Creek Elementary.

Every Thursday, throughout the rest of the month, First Choice executives will be at local schools teaching the “Bank at School” program.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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