Junior Bankers Club
Hello, Junior Bankers!
I hope everyone is enjoying fall as much as I am. We had a great turnout for the Hayride at Ard’s Market. It was a beautiful day, but just a little chilly. There were some huge pumpkins to pick from. I hope all who attended had a great time!
The year is flying by so fast! Before you know it, the holidays will be here. I hope everyone is having a good school year.
Coin Education: Penny
Your piggy bank may be filled with lots of pennies, but have you ever thought about the history they represent? The man on our pennies today is Abraham Lincoln, our 16th president. Every penny you’ve ever spent probably had Abraham Lincoln on it. That’s because his picture has been there for more than one hundred years! The Lincoln penny was designed in 1909 in honor of his 100th birthday. It was the first time a president had been on a coin.
100 pennies equal $1.00. There are more one-cent coins produced than any other denomination.
Put your math skills to the test, and guess the number of candy canes in the jar. The jars will be placed in our lobbies from December 2nd through December 14th. There will be entry forms next to the jar for your guesses. You may enter as many times as you like. The Junior Banker with the correct or closest guess will win $10.00 to be deposited into his/her Junior Banker account. In the event of a tie, Bucky will randomly choose a “winner” from those names.
1 winner per branch.
Parents Corner -
Finance Tips for Children from the American Bankers Association
1. Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them – even the tough ones.
2. Explain the difference between needs and wants, the value in saving and budgeting and the consequences of not doing so.
3. Set up a chore chart and give your children an allowance for completing their tasks. Require them to save at least a small portion each week. The three jars method, one for spending, one for saving and one for charitable contributions is a good way to impart a sense of responsibility.
4. Take them with you to make deposits, so children can learn how to be hands-on in their money management.
5. Be an example of a responsible money manager by paying bills on time, being a conscious spender and an active saver. Children tend to emulate their parents’ personal finance habits.