C&N Reaches Over 1,000 Children With ‘Teach Children To Save’
Citizens & Northern Bank team members throughout their footprint in New York and Pennsylvania participated in the annual “Teach Children to Save” initiative sponsored by the American Bankers Association Education Foundation. Classroom presentations and bank visits were held throughout April and May, with over 1,000 students in 22 local schools and organizations participating.
Since 2008, Citizens & Northern has worked with more than 10,000 local children through this program to enhance their financial education. “Teach Children to Save” uses games and real-life situations to help children understand basic money management tools, such as saving, prioritizing, budgeting and more. There will come a time in all people’s lives that they will need to budget and seriously look at their finances, it is best to teach these skills to kids now, so they are prepared as they get older. Technology has advanced along with money management, and now people can download budget type apps from sites such as SoFi to help them with that management.
Whilst there isn’t a need for children to save their money right now, as soon as they reach adulthood, they’ll need to understand how to save their money to ensure they have enough to live off and pay their bills. As an adult, there are multiple bills that need to be paid. These bills can take a significant amount of your income, so it’s vital that adults understand how to budget and manage their money. One key tip for children to learn for the future is to constantly try and save money. For example, if you’re paying for home insurance and car insurance, be sure to try and negotiate that down as often as you can. That should save you some money. To try and find some different quotes on these things, it might be worth researching different companies offering auto and home insurance near me on the internet. That should allow you to look for different companies and find the best price, saving money. Being an adult is all about money-saving.
Children need not worry too much about financial issues right now, but it’s good that they are being introduced to money management at a young age. This should ensure they will live a more comfortable life in the future.