Teach Children to Save Day

Teach Children to Save Day

  • April 7, 2016 in Santa Barbara County
  • April 13, 2016 in Ventura County

As the leading financial institution for Teach Children to Save Day (TCTSD) in the communities we serve, we visit schools from the Santa Ynez Valley to Westlake Village to teach our youth about money, savings and finance.

Over the last nine years, Montecito Bank & Trust has supported national Teach Children to Save Day. The interest in having Montecito Bank & Trust volunteers visit local schools has grown substantially and employees have once again rallied to meet the requests. Last year 50 bank volunteers taught over 1900 local students at 22 schools from grades K through 12 located throughout Santa Barbara and Ventura Counties.

Schools that received a visit from Montecito Bank & Trust included: Adams Elementary, Adelante Charter School, A-OK after-school program at Cleveland, Harding and McKinley Elementary Schools, Ellwood School, Franklin Elementary, Hollister School, Kellogg Elementary, La Colina Junior high, La Cumbre Junior High, La Patera Elementary School, Monroe, Montalvo Elementary in Ventura, Mountain View School, Notre Dame School, Santa Barbara Community Academy, Santa Barbara Junior High, Santa Barbara High School, Sunset Elementary & Middle School in Oak View, and Washington Elementary.

The goals of the day included teaching children the importance of saving, how to plan for their purchases, determining needs and wants, and how to make their money grow. Older children learned about the compounding of interest, budgeting for things like college and buying a car, and some credit card basics.

National Teach Children to Save Day, which began in 1997, is part of the American Bankers Association Education Foundation's Teach Children to Save Program, committed to developing and providing education programs that lead to financial literacy. Each year thousands of bankers across the country trade in their balance sheets for blackboards to help fill the need for financial education in schools. To date, the program has reached over 5 million students. Montecito Bank & Trust is working hard to help achieve this worthy goal.

If you are interested in having a Montecito Bank & Trust associate present to your classroom, please contact Brianna Aguilar, Financial Literacy Coordinator at (805) 963-7511.