First National Bank believes that an early understanding of personal finance basics can help children develop positive money habits that will stick with them through adulthood.
Guided by the old adage, “Train up a child in the way he should go: and when he is old, he will not depart from it,” First National is offering area students a unique financial education experience through the Teach Children to Save Program.
Teach Children to Save is a national campaign of volunteer bankers with an annual awareness day of April 24. Since the program began in 1997, bankers have helped millions of students across the nation learn to manage their money more effectively.
This year, many bankers will return to the classroom to help fill the money knowledge gap. In Limestone County, First National employees from Pulaski, Tenn., will be visiting second grades at all local elementary schools.
“This is an issue that is very important to us in the banking industry,” said Mark Hayes, chairman and CEO of First National Bank. “Parents who teach their children about finances from an early age are providing them with some of life’s most important skills. I’m very pleased that our bank is helping raise awareness of the need to help children develop good savings habits.”
Americans have to pass a driver’s education course before getting behind the wheel, but when it comes to learning about our finances, few get the training needed to manage money wisely.
In 2008, 73.9 percent of students received a failing grade on a survey of personal finance knowledge administered by the Jump$tart Coalition. The same survey found that some 25 percent of high school seniors don’t even have their own bank account. The Teach Children to Save program seeks to change this situation for the next generation of consumers.
For additional information, visit www.abaef.com and click on Teach Children to Save, or call Judy Pruett at 931-424-2105.
Business
Pulaski’s First National Bank working with local schools
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