World Savings Day
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Posted By: Wacinque Amistad Kaizen BeMende on October 14, 2013 Most kids are counting down the days until one of the seasons most fun and celebrated holidays, Halloween – but October 31st marks another important date too -- it’s also World Savings Day. World Savings Day was established on October 31st, 1924 during the first International Bank Savings Congress in Milano, Italy, where representatives of 29 countries in attendance at the Congress wanted to reinforce the importance of savings to the general public, and its relevance to the economy. As a result, World Savings Day was born. Unfortunately, little emphasis is placed on World Savings Day in the United States due to the fact that it collides with Halloween, but in other countries it’s a completely different story. Franz Strasser, who grew up in Austria recalls with sentiment that growing up, World Savings Day was always a day of great excitement, when Banks distributed free piggy-banks to children, and inspired them to set savings goals, instilling a sense of financial responsibility into their young minds. Handing personal finances is a great life skill at any age, and kids that are taught to be financially responsible are generally better equipped to make better financial decisions later on in life, as well as establish good savings habits. Here are some ways to get your kids started on October 31st with some World Savings Day activities that will pay off big time for them. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Wacinque Amistad Kaizen BeMende
From El Paso, TX Upper Iowa Univ class of 1996 Member Since October 2013 |
Comments
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Kansas University just published a study that supports the value of Kids having a savings account now. http://news.ku.edu/2013/09/16/savings-acco... I've created world savings day youth accounts at Chino FCU and FirstLight FCU and I will be gifting the cost to open a savings account as the "Treat " at Halloween events in Silver City NM and El Paso TX. This can be a great activity to have in your community!! Monday, October 14th 2013 at 4:09PM |
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