"Teach Children to Save Day" outreach at North Star Elementary April 24
Preparing kids for financial success on Teach Children to Save Day
WHO: Wells Fargo bankers, North Star Elementary School students, Anchorage School Board members and Iditarod 40 champion Dallas Seavey
WHAT: More than 400 North Star Elementary students will learn how to save and manage their money as Wells Fargo bankers take over teaching duties on Teach Children to Save Day, April 24. The national financial education program is sponsored by the American Bankers Association Education Foundation. Iditarod 40 champion Dallas Seavey will make a special appearance at the school.
The outreach effort also is the fourth annual “JA in a Day” in which students learn civics and economics lessons using Junior Achievement’s curriculum. Wells Fargo’s Hands on Banking® program teaches individuals and families in all stages of life about the basics of responsible money management, including how to create a budget, save, spend wisely and more.
WHEN: April 24 from 8:30 a.m. to 3:00 p.m.
WHERE: North Star Elementary School—605 W. Fireweed Lane
WHY: The National Endowment for Financial Education reports that teenagers spend more than $172 billion per year – double the amount ten years earlier. Yet, according to a 2011 study, only 32 percent of 18-year-olds know how credit card interest and fees work (Charles Schwab). That’s compared to 43 percent in 2007.
“Our goal is to help young people learn how to save and spend money responsibly so they can make smart, confident personal finance decisions throughout their lives,” said Richard Strutz, Wells Fargo Alaska regional president. “Learning how to properly manage money is a life skill that children are never too young to grasp.”