Bank of Lancaster was proud to once again participate in national “Teach Children to Save Day.” This annual event is sponsored by the American Bankers Association’s Educational Foundation and the Virginia Bankers Association and provides an opportunity for banks to partner with their local schools and share with students tips on how to spend and save wisely. Representatives from Bank of Lancaster were in classrooms on April 9th, 10th, and 11th, sharing this important program with elementary students from Lancaster Primary, Northumberland Elementary, Richmond Elementary, Cople Elementary, Washington District and Colonial Beach Elementary. Over the three-day period, they visited with almost 500 students.
Hazel Farmer, Senior Vice President and Consumer Education Director for the Bank, noted that “Teach Children to Save Day helps young students to discover the joys and rewards of saving for something special, provides an understanding of the difference between a want and a need, and gives them practical training on how to develop the know-how needed to manage their money. This is one of many financial literacy programs we support in our schools,” Farmer stated. “If these good habits can be learned early, it will help these youngsters become wiser money managers and help them from making poor financial decisions as young adults that could take years to overcome.