NBSB Celebrates Financial Literacy Month with Valuable Resources & Advice

Mar 17, 2025 | 2 Minute Read

At North Brookfield Savings Bank (NBSB), we believe that strong financial habits should start early. In celebration of Financial Literacy Month, we are excited to join the American Bankers Association in their initiative, Teach Children to Save Day.

North Brookfield Savings Bank offers the following tips for money-savvy parents raising money-smart kids:

  • Set the example of a responsible money manager by paying bills on time, being a conscientious spender and an active saver. Children tend to emulate their parents’ personal finance habits.
  • Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions and be prepared to answer them – even the tough ones.
  • Explain the difference between needs and wants, the value of saving and budgeting and the consequences of not doing so.
  • Open a savings account for your children and take them with you to make deposits so they can learn how to be hands-on in their money management.
  • Let friends and family know about your child’s savings goal. They will be more likely to give cash for special occasions, which means more trips to the bank.
  • Put the literacy in financial literacy. Encourage your children to read books that cover various money concepts. Not only will they become strong readers, but they will be smart money managers, too.
  • Engage your community. Many schools, banks and community organizations share your commitment to creating a money-savvy generation.  Engage a coalition of support to provide youth with the education they need to succeed.

There are many options for students when it comes to having their own bank account. See our Student Banking Products Page to get your child started off right on their journey to financial wellness.

Click here for our Student Banking Options.

Pairing these learning opportunities with the great products at North Brookfield Savings Bank can help prepare your children for a stable and reliable financial future.