Financial literacy guidance given to young adults arms them with essential life skills enabling them to manage their finances. As part of our financial literacy effort this fall, The Killbuck Savings Bank is again making a program aptly named, HOW TO DO YOUR BANKING, available to area high school(s).
Students learn to make wise practical financial decisions with this program. The workbooks explain the importance of saving, budgeting as a means of achieving financial goals; and how to navigate electronic banking safely. In learn-by-doing exercises, young adults also teach themselves how to obtain credit, the value of good credit, how to determine their own capacity to borrow and repay, and what they can do as young adults to build a good credit history. The crime of Identity Theft and how to avoid it is an important topic covered as well.
The Killbuck Savings Bank continues sponsoring HOW TO DO YOUR BANKING as a public service because "we feel it is important that young adults have a chance to practice all aspects of money management in the classroom, where mistakes won't cost real dollars," said Craig Lawhead, President and CEO.
"Surveys indicate 84 percent of high school students want instruction in financial matters, only 1 in 3 teens knows how to read a bank statement, balance a checkbook or pay bills, and that financial education is among the top three subjects parents want taught to their children," Lawhead added. Local educators concur; faculty members volunteer to teach the program within their current curriculum.
"By sponsoring HOW TO DO YOUR BANKING, we are preparing our young people before they begin to live independently and are first in need of financial services. If we can help them learn good money habits right from the start and raise their level of financial responsibility, it will pay big dividends for them and the community alike," said Kurt Stutzman, VP Branch Manager of the Mt. Hope Office of The Killbuck Savings Bank.
The Killbuck Savings Bank has assets in excess of $428 Million and operates 9 Full Service offices and a Loan Production Office. The bank has earned a Five-Star Rating from Bauer Financial Services for stability, growth and strength for the past 77 consecutive quarters.
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