Write a commentIn honor of Financial Literacy Month and Teach Your Children to Save Day (April 20), NBT Bank’s Strive® Financial Literacy program is sharing some of its lessons on how to raise financially-savvy children.
April was recognized nationally as Financial Literacy Month by the United States Senate in 2004 in an effort to raise public awareness of the importance of healthy personal financial habits.
Research shows raising a child to be financially-savvy is on the minds of many; T.Rowe Price®’s 7th Annual Parents, Kids and Money Survey shows 69% of parents being very or extremely concerned with setting a good financial example for their kids. Unfortunately, the same survey shows the majority of parents admit they don’t always know the best way to talk to their kids about financial topics.
Tips from NBT Bank to Help Parents Get Started:
• Set an example by paying bills on time, being a conscientious spender and an active saver.
• Talk openly about money with your kids.
• Explain the difference between needs and wants, the value of saving, budgeting and giving.
• Give your kids feedback as they begin to make their own financial decisions.
• Use available resources at www.nbtbank.com/strive.
NBT Bank celebrates Financial Literacy Month all year long – teaming up with local schools and organizations through the Strive® Financial Literacy program. This program offers comprehensive financial literacy curriculum, including, but not limited to:
• Interactive lessons for a classroom or presentation setting for elementary, middle and high school levels, as well as college students and adult learning environments.
• Resources to support the ongoing reinforcement of financial literacy practices in the classroom or at home.
• Class trips to a local NBT Bank office to learn how a bank works.
• Subject matter experts and guest speakers for orientation sessions, special student events and programs, and financial planning events for parents and guardians.
NBT Bank has delivered more than 1,000 Strive programs across its six-state footprint over the past five years—ranging from urban and rural school districts to charter schools and home school groups, and even local organizations like the Boy Scouts, Girl Scouts, Boys and Girls Club, and local libraries. To learn about NBT Bank’s Strive program, visit www.nbtbank.com/strive, or call your local NBT Bank Branch.
NBT Bank offers personal banking, business banking and wealth management services from locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. NBT Bancorp had assets of $9.1 billion as of December 31, 2017, and is traded on the Nasdaq Global Select Market under the symbol NBTB. More information about NBT Bank is available online at www.nbtbank.com.
