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
- A spending bank
- A savings bank
- An investing bank
- 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