Business

Over 150 BOH Volunteers Teach Children to Save

April 24, 2018, 9:13 AM HST
* Updated April 24, 9:16 AM
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More than 5,500 students in 40 schools and locations throughout Hawai‘i, American Samoa, Guam, Saipan and Palau recently received lessons on the importance of saving from Bank of Hawaii as part of the 2018 American Bankers Association Teach Children to Save Day program.

More than 150 BOH employees spent time with elementary and middle school students exploring topics on the important of saving, how interest makes money grow, determining differences between needs and wants, and budgeting.

As part of the Teach Children to Save curriculum, BOH volunteers also encourage parents to take an
active role in their children’s financial education, including:

  • Setting the example of a responsible money manager, active saver and conscientious spender
  • Talking openly about money and encouraging children to ask questions
  • Explaining the value of saving and budgeting

“Teaching people financial literacy and how to save and be lifelong savers, we feel is really important to getting them off to the right start,” said Bank of Hawaii Senior Vice President and Kalihi Market Manager Timothy Chang. “We find that children that know about savings have a higher propensity to attend college and we think its a really good investment in our community.”

“We know that recycling, receiving a nickel a day, a quarter a day, it ultimately all adds up,” said Ka‘iulani Elementary School Principal Jill Texeira. “Letting our students know that these kinds of things, these kinds of practices, these kinds of habits, will make a difference in the long run and needs to start right here.”

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American Bankers Association celebrates the Teach Children to Save Day program, a national campaign of volunteer bankers who help young people develop lifelong savings habits, nationwide on April 20.

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Each year, Bank of Hawaii joins American Bankers Association to provide financial education programs and resources, including Get Smart About Credit in October, which allow bankers to connect with students to further their financial education.

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