Kids are learning to be wise with money, as a new course in financial literacy for sixth graders is teaching them to save, budget, and deposit money in a bank account.
At Rucker-Stewart Middle School students will be learning these valuable lessons thanks to a partnership between the school and Sumner Bank & Trust.“I learned about budgets and ways you can earn money even at our age,” Madelyne Vanhemert said. “You can walk dogs in your neighborhood, set up a lemonade stand, doggy or baby sit.”
The financial program lasts for eight weeks. Budgeting and saving are key concepts being taught by the bank’s Vice President of Marketing Lori Johnson. Seventh and eighth graders will also have a chance to complete the program.
Students even got to deposit their money in a realistic in class bank setting. Twelve eighth graders were the tellers. Students filled out deposit slips and the tellers issued receipts. The tellers were supervised by bank representatives.
“We want them to know the importance of saving from an early age,” Johnson said. “Whether it’s for college or something as simply as a bicycle, we want them to set a financial goal and achieve it. It’s never too early to start saving.”