We all know hindsight is 20/20 and after seeing April 25 National Teach Children To Save Day #TeachChildrenToSaveDay it made me realize I have been the best parent I should have been. When Charlie was born I should have started a bank account and put any money he got from his Birthday and Christmas into the account to help him with College or a car or even his first home.
In May Charlie is graduating and he doesn’t have any money at all to do anything he wants. In fact I was supposed to have 10,000 dollars to give him from when my dad passed. With Covid 19 and David being off work and us losing our home we had to use the money.. That isn’t far to Charlie because even if I had only put away a $1 a year Charlie would have had some money.
LORD as of this week I’m taking control of my finances I plan on putting away at least a $2.00 dollars a day and when I get enough starting a bank account for Charlie which he should have already had. Can you help keep me accountable because $2 a day is only 14 a week and that is less than a Fast Food meal at Mc Donalds and yes, it isn’t much but it can and will add up if you believe with me.
I would like to invite you to celebrate Teach Children to Save Day a Holiday that is observed each year on April 27 as a part of Financial Literacy Month. Teach Children To Save Day focuses on the importance of financial education and teaches children financial literacy, starting with the basics about the importance of saving money.
When children are taught to save, they learn early in life that financial responsibility is essential to one’s well-being. Children are taught saving terminologies including earning, banking, compound interest, credit and debt, credit cards, and loans. Children are taught how to create a budget that may include saving for college or thinking about how student loans work, planning for large purchases, prioritizing purchases, and differentiating needs from wants.
Even though Teach Children to Save Day takes place once a year, Teach Children to Save is a national program where bankers volunteer to help children start a savings routine early in their lives. The celebrations are sponsored by the American Banker Association Education Foundation, where the community comes together to help families and schools advocate for financial literacy.
Teach Children to Save Day encourages parents to teach their children about money. Which includes the value of why we need money and how to maintain a savings account. Banks, financial planners, and other banking professionals travel to local schools and teach students about money throughout the day. Children are also taught about spending, donating, and investing money. When children are taught how to handle money at a young age, they do it even better in the future. Parents can find access to these resources through various local banks on Teach Your Children To Save Day which can help them teach our children how to save money.
Giving kids the information they need now can help them with difficult situations later, including unexpected emergencies, loan payments, and other money-related decisions. Teach Children To Save Day is also a good day to teach children that saving money doesn’t always mean being vigilant about spending but simply being careful. Starting with small savings can lead to having big returns eventually. All in all, Teach Your Children to Save Day is a interesting way to learn and teach about a vitally important part of life.
TEACH CHILDREN TO SAVE DAY ACTIVITIES
- Teach Children To Save Day can be a great day to have fun and learn about the many ways to save money and today gives us the opportunity to teach our children to start small.
- Take your children to a bank and help them open a minor’s account with a bank and encourage your children to save regularly and deposit money in their bank account.
IMPORTANT FACTS ABOUT MONEY
- Counterfeit money can be difficult to detect and fakes are not easily detected because they are more perfect than authentic money.
- Notes are not paper but they are usually made with a mix of cloth and paper.
- Serial numbers are not just numbers they also use letters as part of the alphanumeric code for reserve banks.
- On average, a coin has been in circulation for 30 years.
WHY PEOPLE LOVE TEACH CHILDREN TO SAVE DAY
- Teach Children to Save Day teaches children how to save money instills good habits in our children, including donating, spending wisely, and investing.
- Since children are aware of the advantage of saving and investing, it stops children from wasting money on purchases and services they don’t need which we all know is a skill even money can’t buy.
Thank you,
Glenda, Charlie and David Cates
