Learning to save
Americans don’t save enough of their money-or so the pundits say.
Teaching children to save could help eventually reverse that trend.
On Monday, members of Mrs. Solberg’s first-grade class visited NorthStar Bank to learn first-hand about saving as well as what happens at a bank.
Prior to their visit, the Estherville Lincoln Central students read a book about banks and their two main purposes-to keep money safe and to loan money for big ticket items such as cars and homes.
Students also learned it takes good math skills to work in a bank and about the different denominations of money.
Throughout the year, the first-graders also collect pennies in a big jar. It was brought to the bank for counting.
The class was fascinated by the machine that quickly counted their money-$72.78 cents.
Solberg said the class save a third, spends a third and gives a third to charity. The third that is saved eventually buys things for the classroom.
The portion spent may be used for a bowling day-but that wasn’t absolute.
A recent contribution went to Woody’s Charities, but a charity for this newest money hadn’t been chosen yet.