Junior Bankers Club
Hello, Junior Bankers!
I sure am glad winter is over! Brrr it was cold! I did enjoy playing with my family in all the snow. To earn an allowance, I shoveled snow for my grandparents. I put most of the money I earned into my Junior Banker Savings account to earn interest and some in my piggy bank to save for something special.
I am looking forward to spring because that means it’s time for my favorite Junior Banker Event, the Annual Egg Hunt on April 12th! I hope I see you there. It’s going to be 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!
Bucky’s Egg Hunt!
Join me on Saturday, April 12th for our Annual Egg Hunt. The hunt will take place promptly at 1:00 p.m. at the West Milton office (no rain date). In case of inclement weather, please call (570)568-6851, two hours prior to the event, or view the Customer Alerts section on the homepage of our website. Don’t forget to register to attend this fun egg hunting event! To register, please contact Anna Trayer by Saturday, April 5, 2014.
Join us as we celebrate the 18th Annual National Teach Children to Save Day on Friday, April 11th. Stop in at your favorite branch, make a deposit into your Junior Banker account, and receive two (2) of my Bucky Bear Stamps on your deposit card. Parents, click here to view/print the Road to Financial Responsibility! Empower your children to save!
Coin Education: Nickel
We know the five-cent coin as a nickel, but it wasn’t always so. The first five-cent coin was not called a nickel, and for a very good reason: it was not made of nickel. This coin was made of silver, like the dime. In the Mint’s early days, all coins had to be made of gold, silver, or copper by law. This five-cent coin was called a “half disme” (pronounced like “dime”). A new five-cent coin, made of nickel and copper, was created in 1866.
The nickel that you’re familiar with, the Jefferson nickel, was introduced in 1938 and is still being produced today. The man on the nickel is President Thomas Jefferson. 20 nickels = $1.00
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 -Teaching your child to save money at an early age can build conscientious spending and responsibility.
1. Play games to learn ways to save money.
For example, give your child a theoretical amount of money, say $20, and look through the grocery store circular together. Take turns seeing how many meals you and your child can “purchase” with the $20. Whoever can “purchase” more meals wins!
2. Talking about the meaning of earning money by working.
Talk to your child about your career and why a career is important. Explain that you’re compensated for your job and in turn, are able to pay for your house, car, and food.
3. Teaching about tools to save money.
Whenever your child receives money, you should ask them how much they would like to put in their savings account. Make visiting the bank a fun event. Help them understand that their money should be safely stored at the bank. If it is not put in savings right away, it is easier to spend on unnecessary purchases.
4. Deciding about smart purchases.
Earning many can be hard work for children. You can help your child understand how to make smart spending choices with their hard earned money. If they are determined to purchase a specific toy, teach them how it’s important to shop around for the best price, or to wait until it’s on sale or they have a coupon.