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Sunday, May 26, 2013

Our $chool $aving$ Program

Does your school have a savings program? One of our local banks has started a savings program where one of their workers comes to our school once a week. The students can deposit 25 cents or more into their account. I like the program because I think it's important to teach kids how to save and not to spend their money so fast.

Each year this bank holds a contest that is open to all the students who bank. They are to write an essay about "What I would do if I had a million dollars." The winner gets to have one million dollars put into their savings account for one day. At the end of the day that money is taken out and the child gets to keep what ever interest was earned that day. It usually is close to $50.00 that they get to keep.  This year the student from our school is in my room. She was delighted and excited. Here are some pictures below of her excitement.

She is treated like royalty. The bank gets a limo and picks the 5 kids up and drives them around in this all day!
(I want to win sometime!) 


We can see the LIMO coming around the corner.

We are oh so excited!

It's SO Big!

Check out that door!

She got a new shirt and balloons too. 
They really made her feel special.


She looks like a princess waiting for her prince charming!

The kids all wanted to go now!

And she is off!

They went to 4 other schools and picked up other winners, then on to Pizza Hut, Bowling, Dairy Queen and then to the bank to meet the President and see the vault!

Patty

4 comments:

  1. That's really cool! I wish we had that at our school. In general, our families are really bad at saving. They think in the now.

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  2. That's an awesome idea! What do the students do with the money that they save? Sounds like an amazing {real-world} learning experience for your kids.

    Sara :)
    Smiling In Second Grade

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  3. The money is stays in the bank downtown until they want to take it out. The student who wins the Millionaire for the day gets about $50.00 that goes into that savings account too. If you're interested, contact your bank and see if they can do something like this. Of course ask your principal if they would also like to be a part of this. The prizes at the end of the year are up to that bank. This is just something our bank decided to do.

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  4. That is so cool! :) What a great way to encourage young people to be responsible with their earnings! Found you at Second Grade Nest's Giveaway... I'm your newest follower!

    ~Erin
    Mrs. Beattie's Classroom

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