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April 10 2014

Operation HOPE Celebrates ‘Teach Children to Save’ Campaign

Banking on Our Future youth financial literacy program set to empower thousands of students on April 11, marking the 18th annual Teach Children to Save Day   

       

LOS ANGELES – April 10, 2014 – In celebration of Financial Capability Month, Operation HOPE and national partner American Bankers Association will celebrate Teach Children To Save Day with financial literacy sessions nationwide from April 8th – 11th.  Local youth in the Bay Area, Baltimore, Chicago, Denver, Detroit, and Los Angeles classrooms will learn the “language of money” through the Banking on Our Future curriculum and pick up money smart tips on how to save.

“Being financially literate is one of the most important skills a young person can develop,” said David Bell, Operation HOPE Youth Empowerment Director of Operations. “Through this program we can motivate students and instill positive habits at a young age, creating a community of lifelong financially savvy and empowered adults.” 

A host of volunteers will share the curriculum, which includes modules on: dignity, basics of banking, checking & savings, power of credit and basic investments. In addition to the Banking on Our Future curriculum offered to the students, Teach Children to Save offers the following tips for money-savvy parents raising money-smart kids:

·       Set the example of a responsible money manager by paying bills on time, being a conscientious spender and an active saver. Children tend to emulate their parents' personal finance habits.

·       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.

·       Explain the difference between needs and wants, the value of saving and budgeting and the consequences of not doing so.

·       Open a savings account for your children and take them with you to make deposits, so they can learn how to be hands-on in their money management.

·       Let friends and family know about your child’s savings goal.  They’ll be more likely to give cash for special occasions, which means more trips to the bank.

·       Engage your community.  Many schools, banks and community organizations share your commitment to creating a money-savvy generation.  Engage a coalition of support to provide youth with the education they need to succeed.

Established by the American Bankers Association in 1997, Teach Children to Save has reached more than six million young people through the commitment of 134,200 banker volunteers. The American Bankers Association provides financial education programs and resources that help bankers make their communities better.  The association’s signature programs, Teach Children to Save and Get Smart About Credit, bring bankers and students together to increase financial literacy.

Banking on Our Future is Operation HOPE’s core youth financial empowerment initiative. Since its inception, this program has reached 750,000 students in the U.S. and South Africa. It is the recipient of the U.S. Treasury Department's John Sherman Award for Financial Literacy Excellence and the Oprah's Angel Network’s Use Your Life Award.

For more than 20 years, HOPE has been cultivating financial capability tools focused on the dignity, hope, economic self-sufficiency and well-being of underserved youth.

About Operation HOPE

Since its inception in 1992, Operation HOPE has served more than 2 million individuals. The financial dignity nonprofit has also directed more than $1.5 billion in private capital to low-wealth communities; it maintains a growing army of 20,000 HOPE Corps volunteers, and currently serves in more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco, and the United Arab Emirates. To learn more about HOPE, join us on twitter @OperationHOPE, visit us at www.operationhope.org or read our blog at www.operationhope.org/blog.

About American Bankers Association

The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $14 trillion banking industry and its two million employees. The majority of ABA’s members are banks with less than $185 million in assets. Established by the American Bankers Association in 1997, Teach Children to Save has reached more than six million young people through the commitment of 130,500 banker volunteers. Learn more at aba.com or join the conversation on Twitter at  #TCTS2014.