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    Thread: bank offering financial education for children ?

    1. Member guap07's Avatar
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      04-27-2012 08:04 PM #1
      saw a commercial for a bank offering free financial education for children not to long ago and the name of the bank seems to have slipped my mind ... anyone know the name ? thanks in advance

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      04-28-2012 11:20 AM #2
      Quote Originally Posted by guap07 View Post
      saw a commercial for a bank offering free financial education for children not to long ago and the name of the bank seems to have slipped my mind ... anyone know the name ? thanks in advance
      Doubt this helps you, but almost every single FCU offers children banking nowadays. When I was a kid I was in the 'Moolah Money' program at my local FCU and they had a couple classes I took that taught me about savings, etc. They even have debit cards with $10 daily limits. Just check with your local credit unions, 99% of them offer such programs for kids

    3. Member blue70beetle's Avatar
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      04-29-2012 03:50 PM #3
      Fwiw, Dave Ramsey offers educational materials for kids as well; it's going to be biased the opposite direction from what any bank/CU offers. If kids are taught what he teaches from a young age, they'll be less likely to borrow money for things that can wait, they'll never live paycheck-to-paycheck, and they'll give generously to charitable causes. (I have yet to see anyone who can assemble a solid argument against doing the things he teaches...)

      His publications, etc., aren't free, but then again, information from someone with a vested interest in creating a long-term relationship in which they provide services for pay (mortgages, car loans, etc.) in an amount that exceeds the amount they pay for the use of your money (savings accounts, CDs, etc.) is arguably not free either.

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      05-07-2012 01:01 PM #4
      Unless the bank teaches your kids how to start a business by borrowing then it's the same crapshoot that teaches kids to save money by opening little piggybank accts.

    5. Member titleist1976's Avatar
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      05-10-2012 07:25 PM #5
      Quote Originally Posted by blue70beetle View Post
      Fwiw, Dave Ramsey offers educational materials for kids as well; it's going to be biased the opposite direction from what any bank/CU offers. If kids are taught what he teaches from a young age, they'll be less likely to borrow money for things that can wait, they'll never live paycheck-to-paycheck, and they'll give generously to charitable causes. (I have yet to see anyone who can assemble a solid argument against doing the things he teaches...)

      His publications, etc., aren't free, but then again, information from someone with a vested interest in creating a long-term relationship in which they provide services for pay (mortgages, car loans, etc.) in an amount that exceeds the amount they pay for the use of your money (savings accounts, CDs, etc.) is arguably not free either.
      What? I don't work for a cu or Dave Ramsey, but I'd imagine teaching any child about banking isn't about roping a child into buying a house and use XYZ cu's mortgage unit. What's with bad mouthing a bank/cu trying to teach a kid how to save?

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      05-22-2012 01:54 PM #6
      Here are some decent materials

      http://www.handsonbanking.org/en/
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