Posts Tagged ‘ National Teach Kids to Save Day ’

Teach Children To Save – 2019

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Jefferson Elementary 2nd graders made this awesome ‘thank you’ poster for us!

Citizens Bank Minnesota is a proud participant of National Teach Children to Save (TCTS). TCTS is an opportunity to foster relationships in our communities, while giving young people the tools and inspiration for a successful financial future.

This year several Citizens employees visited 908-second grade students in eleven schools to talk about saving money. We discussed the importance of saving, how interest is earned, the safety of saving in a bank, and how to earn money to save for important items in the future. The presentation includes a saving activity, which is a good visual, interactive way to illustrate the benefits of saving at a bank.

Citizens offers a great youth savings account, WooHoo! U!  This account is a tiered savings account that starts with a rate of 3.04% APY!

LEARN MORE about this youth savings account on our website here: WooHoo! U

If you are interested in opening a savings account for your child or grandchild at Citizens, please stop in to talk with one of our Client Service Representatives today!

By Lori Dummer, Marketing Assistant

April 24, 2015 marked the 19th annual “Teach Children to Save Day”

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During the week of April 20th – 24th, several Citizens Bank Minnesota employees visited second grade classrooms in the New Ulm and Lakeville areas and connected with over 750 students, in 9 different schools, raising awareness on the importance of saving money at an early age, for “Teach Children to Save”.

“Teach Children to Save” is a national financial literacy program that organizes banker volunteers to help young people develop a savings habit early in life. Since the program started in 1997, more than 177,000 bankers have taught savings skills to some 6 million students. This year eighteen members of Congress also joined with participating bankers to co-host events!​

To emphasize how banks are a better place to save their money than at home in their piggy banks, we have the students play a game with Laffy Taffy.  After the class is divided into two, they each take turns to “make a deposit” with their taffy, one group to their piggy bank, the other to the bank.  After the first round, the students who deposited their taffy at the bank receive interest in the form of more taffy.  After five rounds, the bank students have an overflowing bucket of taffy, while the piggy bank students have only the amount of taffy they started with.  This is a good visual and interactive example for students to see the benefits of saving.

Following the Laffy Taffy game, the students talk about different ways they can add to their savings accounts, such as receiving money as a gift, earning money from jobs at home, or their allowance.  They also talk about their savings goals, such as buying video games or toys now, or saving for a car or college in the future. The students are always ready to ask questions in regards to saving and the bank! And of course we leave a bucket of the candy with the teacher to pass out when she sees fit!

Citizens has a great youth Savings Force account with a Power Rewards Program. This program is geared towards saving money and getting good grades in school to earn rewards!  It also includes receiving fun, educational newsletters, postcards for their birthdays and treat bags, and special promotions throughout the year. If you are interested in opening a savings account for your child or grandchild at Citizens, please stop in and talk with one of our Client Service Representatives today! You can also see details on our website at http://www.citizensmn.com/personal/the-savings-force.

By: Sarah Seifert, Marketing Assistant/Youth Club Coordinator

CITIZENS BANK MINNESOTA ‘TEACHES CHILDREN TO SAVE’

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April 11, 2014  marked the 18th annual Teach Children to Save Day

During the week of April 7th – 11th, several Citizens Bank Minnesota employees visited second grade classrooms in the New Ulm and Lakeville area and connected with over 500 students, raising awareness on the importance of saving money at an early age.  They also talked about where they can save their money – in a bank, or in their piggy banks at home.

To emphasize how banks are a better place to save their money than at home in their piggy banks, the students play a game with laffy taffy.  After the class is divided into two, they each take turns to “make a deposit” with their taffy, one group to their piggy bank, the other to the bank.  After the first round, the students who deposited their taffy at the bank receive interest in the form of more taffy.  After five rounds, the bank students have an overflowing bucket of taffy, while the piggy bank students have only the amount of taffy they started with.  This is a good visual and interactive example for students to see the benefits of saving.

Following the laffy taffy game, the students talk about different ways they can add to their savings accounts, such as receiving money as a gift, earning money from jobs at home, or their allowance.  They also talk about their savings goals, such as buying video games or toys now, or saving for a car or college in the future.  The students are always ready to ask questions in regards to saving and the bank!

Looking for a few tips on 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’ll be more likely to give cash for special occasions, which means more trips to the bank.
  • 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.

Citizens has a great Savings Force account with a Power Rewards Program.  This program is geared towards saving money and getting good grades in school to earn rewards!  It also includes receiving fun, educational newsletters and special promotions throughout the year. If you are interested in opening a savings account for your child or grandchild at Citizens, please stop in and talk with one of our Client Service Representatives today!

 

By: Sarah Seifert, Marketing Assistant/Youth Coordinator

National Teach Kids To Save Day

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National Teach Children to Save Day is April 23. Citizens Bank Minnesota is excited to once again go into our local schools and teach the second graders about saving. The day is aimed at raising awareness about the important role that banks and bankers play in helping young people develop lifelong savings habits.

One of the ways we help the students learn about saving is by discussing what they might save for, why it is important to save, and where they can save their money. To emphasize how banks are a better place to save their money than at home in their piggy banks, the students play a game with laffy taffy. After the class is divided into two, they each take turns to “make a deposit” with their taffy, one group to their piggy bank, the other to the bank. After the first round, the students who deposited their taffy at the bank receive interest in the form of more taffy. After five rounds, the bank students have an overflowing bucket of taffy, while the piggy bank students have only the amount of taffy they started with. This is a good visual and interactive example for students to see the benefits of saving.

Following the laffy taffy game, the students talk about different ways they can add to their savings accounts, such as receiving money as a gift, earning money from jobs at home, or their allowance. They also talk about their savings goals, such as buying video games or toys now, or saving for a car or college in the future. The students then can ask questions in regards to saving and the bank. In the past, the students have been excited to talk about the security of the bank, specifically the vault and motion detectors!

Through Teach Children to Save, the students really gain a good insight into saving that we hope will stay with them through their lives.  If they don’t already have a savings account, we encourage the kids to stop into Citizens and open one up.  They will then join the Savings Force and receive educational newsletters and be involved in our Power Rewards Program, which is geared towards saving money and getting good grades in school to earn rewards.

By: Kelly Blick, Marketing Assistant/Youth Coordinator

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