April 15, 2003 – Fifth-graders at Claude O. Markoe School learned the importance of saving money, as well as banking basics and other money matters, on Monday, when representatives from FirstBank Virgin Islands visited the school. The volunteers spoke to the students on topics ranging from understanding credit to avoiding debt to career options in banking.
The Teach Children to Save Day program, created by the American Bankers Association, is designed to teach children of all grade levels about smart money management. The fifth-graders were taught to appreciate the importance of budgeting money and to show practical applications to the math skills they are currently learning.
Pre-teens and teenagers in the U.S. may spend more than $100 a week; therefore, it makes sense for them to learn early how to manage their spending and to maximize their money's effectiveness.
In an extension of the St. Croix event, representatives from FirstBank Virgin Islands will visit the E. Benjamin Oliver School in May.
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