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Bankers teach children valuable money skills by reading together
Jean Sinkule of Old National Bank in Monroe reads to first-grade students at Northside Elementary School in Monroe. (Photo supplied)
MONROE - With Americans spending more and saving less, young people often don't learn valuable personal finance skills that will benefit them throughout life. Together, educators, bankers and parents can help children build strong financial habits from an early age. Old National Bank participated in the annual National Teach Children to Save Day campaign April 20.

Using a Wisconsin Bankers Foundation program called Reading Raises Interest, Old National Bank staff volunteered to read age-appropriate books with a message about money or saving to students at area schools.

This year's featured book was "A Chair for My Mother" by Vera B. Williams. In the story, a little girl and her family save money in a jar to buy a chair after their furniture is destroyed in a fire, demonstrating strategies for saving along the way. The book is a good starting point for conversations about money between children and their parents.

In addition to reading books to their children about money, parents can involve kids in spending decisions, encourage them to save part of an allowance and explain the family's finances in general terms.

National Teach Children to Save Day is an initiative sponsored by the Wisconsin Bankers Foundation and the American Bankers Association Education Foundation. Last year, bankers from over 40 institutions reached out to their community to make Teach Children to Save Day presentations. Over 400 presentations to nearly 23,000 students were made.