2016 Teach Children to Save Day
Renee Covi, Delaware Market President, Capital One
teaches at Warner Elementary School
Governor Jack Markell proclaimed the week of April 25th “Teach Children to Save Week” in the First State in a ceremony at on Friday, April 29th, at Warner Elementary School in Wilmington.
Throughout the week of April 25th to April 29th over 250 banker volunteers taught an estimated 7,200 students in over 65 public, private, and parochial schools, throughout Delaware. Over 90 percent of Delaware’s banks participate in the Teach Children to Save Day event, the highest participation rate in the nation.
Several bank presidents and special guests are also volunteering as teachers for the event, these include: Robert A. Glen, State Bank Commissioner; Renee Covi, Delaware Market President, Capital One; David Hargadon, SVP, Regional Vice President, TD Bank; Chip Rossi, Delaware Market President, Bank of America; Randy Taylor, President, Fulton Bank, N.A., Delaware Division, and Sarah Long, President, Delaware Financial Education Alliance.
This year’s Teach Children to Save Day lesson is taken from the new book The Great Investo and the Money Tree. The book teaches what happens in a community when individuals save money in their local banks. The book was written and illustrated by Greg Koseluk of the Delaware Bankers Association. The book was created specifically for the 2016 Teach Children to Save Day event and was made possible by a grant from Capital One.
This year’s Teach Children to Save Day lesson is taken from the new book
The Great Investo and the Money Tree, available from Amazon.com (click on the cover below)
These other Great Investo books are available for purchase at Amazon.com. (click on the links below).
The Great Investo and the Globe-Trotting, Cash-Spotting, Mystical Sphere
The Great Investo and the Secret Saver
The Great Investo and the Flourishing Flamingos
Teach Children to Save Day Training
On-Line Videos, Helpful Hints, and Lesson Plans
Teach Children to Save Day is a part of a national program developed by the American Bankers Association’s Education Foundation to teach children about the importance of saving. The Delaware Bankers Association coordinates the program in partnership with the CEEE. The CEEE develops the lessons which meet Delaware’s state economic education standards. In addition to lesson development, CEEE also plays a vital role in preparing the lesson packets for each volunteer and classroom teacher, as well as matching the bankers to the schools.
Teach Children to Save Day - History
First held in Delaware in 1998, Teach Children to Save Day (TCTSD) is part of a nationwide financial literacy effort that works to educate elementary school students throughout Delaware, while targeting those from low- to moderate-income communities, on the importance of saving as the basis for future financial security. The primary goal is to foster sound financial practices in the students, with a secondary goal of informing and influencing the older generations on the benefits of saving. Through the program, children are encouraged from a young age to develop the habits that will help ensure their future economic independence. Take-home materials in both English and Spanish are also provided for students to share with their parents. The materials developed in the program are also distributed statewide through the State's public library system, increasing their impact even further.
The annual Teach Children to Save Day program is usually held on the last Tuesday of April, preceded by a special kick-off event featuring the Governor.
The Delaware Bankers Association Financial Education Alliance (DBA/FEA) works with the University of Delaware's Center for Economic Education and Entrepreneurship (CEEE) to administer this program in the First State. The age-appropriate curricula were developed by the CEEE to meet State economic competency standards. The DBA/FEA helps to raise the funding for the program, and assists in the coordination and training of the volunteer faculty comprised of bankers. Through financial education grants, the DBA/FEA also develops and distributes the materials used on TCTSD, including the bilingual take-home financial education information piece for the children to share with their parents and other adults. The DBA/FEA also pays for the books used in each classroom, which are then donated to the school following the event. The CEEE pairs the volunteer bank employees with the classroom teachers and students.
On the actual day of the event, volunteer bankers, organized by the DBA/FEA and trained by the CEEE, visit schools throughout Delaware. The volunteers teach students the importance of saving, the basics of financial education, and the benefits of prudent money management.
The DBA/FEA's Teach Children to Save Day program has consistently been recognized as one of the best in the nation by the American Bankers Association.