Remember how great it was to get allowance for doing household chores?
First Southwest Bank representatives have partnered with Southern Colorado schools to teach fourth graders the basics of financial literacy. One of the key lessons they shared is the importance of developing a savings plan.
Many families encourage children to allocate a portion of the money they earn to savings and another portion to fun things they wish to do or purchase. By tracking money, kids realize the value of managing income to meet long- and short-term goals. It never is too early to establish healthy financial habits.