Junior Bankers Club
Hello, Junior Bankers!
I am enjoying spring and the nice weather. To earn an allowance I help my parents in the garden. I put some of my money into my Junior Banker Savings account to earn interest and some in my piggy bank to save for something special.
Thank you to everyone who attended the Annual Egg Hunt on March 23rd! It was a lot of fun!
Next, it will be summer, which is my favorite season because of all the community events! It’s always fun seeing so many Junior Bankers. Parades are especially my favorite because of all the candy! I’ll be looking for you as I march in the parades. Don’t forget to wave!
Junior Bankers, how do you plan to save money this year? Write down five (5) different ways you plan to save, and then bring your list to your favorite branch by Tuesday, April 23rd to be entered in a random drawing for a chance to win $25 deposited into your account.
Congratulations to the winner, Alex from Muncy!
Bucky’s Bear-y Best!
At West Milton State Bank we believe in the importance of a great education and rewarding those who worked hard to “make the grade”. Bring your report card in during the month of June, and receive my Bucky Bear Stamp for each final grade equivalent to an “A” or “Very Good” on your Junior Banker deposit card. It’s just in time for our semi-annual drawing on June 30th.
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.