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Old National Bank Has Tips on How You Can Help Children Become Life-Long Savers

Nashelle J. Gaddis, Financial Empowerment Officer, AVP Old National Bank is here to talk about the importance of getting kids to save money and how to make some spending/savings jars to help motivate them.

  • Utilize four banks, instead of one
  1. A spending bank
  2. A savings bank
  3. An investing bank
  4. A giving bank
  • Encourage children to set savings goals to help purchase big ticket items
  • Save First, Not Last
  • Teach them to think before buying by having a needs versus wants conversation
  • Show them how to be smart shoppers

Mason Jar Banks for Children Supplies

Supplies can be found at any craft store:

3-4 Mason Jars

Pre-slotted Lids

Sample Decoration Supplies:

Paint

Paint Brushes

Ribbon

Spray Paint

Stencils

Glue

Tissue Paper

Name Tags

Markers

For more information, visit https://www.oldnational.com/personal/bank/savings-account