Fisher’s Peak Elementary School students learned about saving last Thursday, November 7, thanks to an innovative curriculum supplement sponsored by The First National Bank in Trinidad. First National Bank Vice President Chris Egland visited Fisher’s Peak Elementary School to discuss topics covered in the curriculum.
“We believe it is important that children learn the concept of money and have a healthy respect for it and understand the concept of saving,” said Egland. We are concerned that the financial training young people receive has not kept pace with the rate they receive and spend money.”
Recent survey results indicate that Americans dole out an estimated $41 billion in allowance to their kids annually. These children will soon be teenagers, and the average teenager spends $5,408 annually, which is just shy of $259 billion annually. By sponsoring this program, Egland says First National is reaching young people at an early age.
“If we can raise their level of financial responsibility and help them learn good money habits right from the start, it will pay big dividends for them and the community alike,” said Egland.
Second grade students do more than read and color story pages in the workbook titled Saving with Mandy and Randy according to Egland. They learn vocabulary words related to savings, identify coins, count coins, add and subtract cents and dollars, complete activity sheets and practice savings skills.
“Research indicates that this is part of a nationwide trend,” Egland said. “Providing Saving with Mandy and Randy is our way to encourage good spending habits early and help people achieve financial success.”
During Egland’s classroom visit, second grade students learned about money, its security features, and how the bank pays interest on savings accounts.
If you are a teacher in Huerfano, Las Animas or Colfax County, and would like to take advantage of one of these programs, contact Chris Egland at The First National Bank in Trinidad at (719) 859-3670. The program is free to schools and includes a teacher’s guide and a workbook for each student in the class.