Elmwood Park Teach Children to Save Day

Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills.

As part of National Financial Literacy Month, April 12th marked the official Teach Children to Save Day – a nationwide program sponsored by the American Bankers Association, and organized by banker volunteers, to teach young students the fundamentals of financial literacy. The lessons cover the basics of saving, as well as how to create a budget and distinguish wants vs. needs. Since 1997, this initiative has reached 10.5 million young people with the help of more than 260,000 volunteers.

The Spencer team visited schools in Cranford (Hillside Avenue), Saddle Brook (Helen I. Smith, Long Memorial, Franklin) and Elmwood Park (Gantner Avenue). In addition to the lesson plan, newsletters and giveaways were distributed to the children.

“At Spencer, we participate yearly in the Teach Children To Save Day campaign because we believe in the importance of teaching children in our community money management skills. It is never too early to start the money conversation and show them that learning about money can be fun,” stated Jose B. Guerrero, Chairman, President & Chief Executive Officer. “Studies continue to show that when children are taught these skills at a young age, they have a better chance of growing up to become financially savvy adults.”

Visit Spencer Savings Bank to open up a savings account and get your child started on the lifelong path of becoming a Spencer Savvy Saver. The bank features two types of savings accounts, SpencerKids and StudentEdge, designed specifically for children and students. For more information about the Teach Children To Save Day campaign, visit the American Bankers Association at aba.com.

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