Tuesday, April 21 is national Teach Children to Save Day, a day that serves as a reminder of how important it is to educate kids about making good decisions with money and the importance of savings. For the past 11 years, Teach Children to Save Day has been used by banks across the country to help eductate kids and teens financial skills.
There are some online resources available to you to help you educate your children about the importance of saving, spending and managing money effectively:
Arvest has partnered with Visa’s practicalmoneyskills.com on a website called arvestmoneyskills.com — a site designed to help teachers, parents, students and business professionals develop and maintain better money management for life. To help today’s youth and consumers of all ages become financially savvy, Visa has joined with leading consumer advocates, educators and financial institutions, such as Arvest, to launch a national program to improve the nation’s financial skills. This site has important tools such as:
- Financial education games and puzzles
- Lesson plans and handouts for formal education
- Podcasts and newsletters
- Articles by Jean Chatzky on financial issues
The American Bankers Association has a website dedicated to Teach Children to Save Day. Resources available on this site include:
- Creating a beginner's budget
- Money tips for children and for teenagers
- Free financial newsletter
- Roadmap to savings