Kids learn financial literacy through Piggy Bank initiative - KAIT Jonesboro, AR - Region 8 News, weather, sports

Kids learn financial literacy through Piggy Bank initiative

(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
(Source: KAIT) (Source: KAIT)
JONESBORO, AR (KAIT) -

Elementary students in the Nettleton School District are learning financial education through a new initiative.

The school has partnered with First Community Bank in Jonesboro to take part in the Piggy Bank program, which is first of its kind in the state and nationally.

Employees of the bank visit 4th-grade students at Fox Meadow and University Heights elementary schools once a week to teach them about financial education and the importance of saving.

“This doesn’t just teach kids about financial literacy, but it helps them practice what they learn,” Assistant Vice President of First Community Bank, Gabe Roberts said.

A mobile bank is set up in the hallways of each elementary school where students go to make their bank deposits and make good financial choices.

Bank employees are there to guide them in managing their money at an early age.

“It's not about the dollar amount,” Roberts said. “We just want every kid to get in the mindset of saving, whether it's a quarter a week or a penny a week. It's just about getting into the habit of asking your mom or dad, what can I do around the house to earn a quarter, to earn a penny, to earn a dollar.”

Through the program, students are learning financial literacy in the classroom.

“They are learning about wants and needs, how to fill out a deposit slip, making financially responsible decisions, so later in life when they become older citizens in Jonesboro, they are better for our workforce,” Roberts said.

Region 8 News caught up with a few of the children who are saving their bucks.

A few of the things they are saving up for include, a car, college education, a birthday party, new shoes, and basketball attire.

The program is new; however, it has shown positive results in the short time Nettleton students have taken part in it.

Roberts said the bank is looking to expand Piggy Bank.

If your school district is interested in taking part in the initiative, you can contact First Community Bank of Jonesboro at 870-932-5600.

Copyright 2018 KAIT. All rights reserved.

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