FNBR will help kids learn value of money

RBC — First National Bank of the Rockies announced its participation in the upcoming National Teach Children to Save Day, scheduled for Tuesday, April 21. Established by the American Bankers Association to spotlight the importance of teaching our nation’s youth about saving money, the event occurs every April when bankers make presentations to students in grades K-12 about budgeting, saving, recognizing needs and wants and how interest makes money grow.
Last year, First National Bank of the Rockies employees reached 480 students in western Colorado with their volunteer efforts. This year, FNBR is again participating in the ABA Education Foundation’s Million Child Challenge to teach savings lessons to one million students across the country.
Recent studies indicate that only 51 percent of teenagers know how to write a check, only 34 percent can balance a checkbook, and just 26 percent know how credit card fees work. Kim Brown, Bank Manager of FNBR’s Meeker office says, “We are concerned that today’s first year college students are on average, more than $20,000 in credit card debt and have startling gaps in their knowledge about money management, savings, budgeting and investing.”
Lessons support the Jump$tart Coalition for Personal Financial Literacy standards and curriculum established by the National Council of Teachers and Mathematics, the American Association of Family and Consumer Sciences and others.
“In today’s economic environment, it’s important for us to share our skills and knowledge with the youth of our community,” said FNBR CEO Pete Waller. “We’re excited to be part of a program that provides students with the information they need to begin making sound decisions regarding their financial well-being.”
If you are interested in having First National Bank of the Rockies make a presentation at your school, Girl or Boy Scout Troop, youth group or organization on April 21 or any other time throughout the year, please contact Sabine Murray in Meeker ([email protected]) at 970-878-9010 or Lissa Freeman in Rangely ([email protected]) at 970-878-9026.
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