Pair banks, schools to teach responsibility

New generations of children play an important role when it comes to the future of our economy. These children do not have an apt financial education in regard to the importance of saving money for the future.

In the city of Elgin, local banks should have programs dedicated to teach children about basic financial education and the values of it. These infants may become potential long-term investors, thus providing banks with more economic sources. Such programs promote encouragement for children by helping them set goals for the future such as planning for college funds or acquiring a valuable asset. Another important value that children may achieve is a sense of responsibility.

Children being taught to manage their own money and involved in processes such as signing deposit receipts can develop autonomy at an early age.

Not only a few, but all local banks should collaborate with elementary schools developing programs to teach children the value of saving money for the future.

Leo Cantu

Elgin