Does your child have the practical money skills needed to become a successful adult? According to the American Savings Education Council, 79% of students do not receive instruction in personal finance at school and only 7% of parents rate their children as understanding financial matters “very well.”
Rags to Riches Club Account
The Rags to Riches Club is an educational program with a special savings account for children up to age 13. Activities encourage the Save, Share & Spend method of managing money. To encourage a savings habit, kids can pick a reward every time they make a deposit of $5 or more at a branch.
Free Membership Kit includes three money pouches, “how it works” instructions, and a fun book
Resources to Develop Money-Wise Kids
Children learn about money from many sources, but no lesson is more important than one learned from a parent. For this reason, we offer several resources to help you develop money-wise kids:
5 Spot Clubhouse (by Googolplex) is an online resource with stories and games about money and other topics at an elementary school skill level. We invite you to read along with your children to initiate conversations about money and saving.
Pracitical Money Skills For Life - This free educational program sponsored by Visa, offers lesson plans for parents divided into grade levels. Grades 3 through 6 lessons include Allowance, Behavior and Chores, Saving and Investing, Accountability, Spending, and Values.
Thrive by Five™ is a free resource from the Credit Union National Association. The website has lesson plans in both English and Spanish for parents who want to encourage healthy attitudes about money in young children.
U.S. Mint Kids Page is a great resource for activities that are not only educational but fun! Kids can also access this resource through the Rags to Riches Clubhouse.