Savings bank

First Central Savings Bank helps kids understand banking basics at Metro Boys and Girls Club – QNS.com

The First Central Savings Bank and the Boys and Girls Club of Metro Queens have teamed up to provide financial awareness to young children in Richmond Hill. (Photo courtesy of FCSB)

The First Central Savings Bank (FCSB) and the Boys and Girls Club of Metro Queens recently teamed up to provide financial awareness to young children in Richmond Hill.

The students who participated are part of the Metro Boys and Girls Club’s Lights On Afterschool program, which provides a safe place to go when school is out by providing opportunities to learn new ideas and discover new skills.

Anna Marie Vallone, Vice President and Head of Business Development at FCSB, led classroom instruction with a personalized curriculum designed to help young students navigate the economic arena.

“The bank always likes to take the opportunity to teach and educate as much as possible in terms of learning for children, and piggy banks are a great way to do that, especially in the pre-K age group,” Vallone mentioned.

The First Central Savings Bank and the Boys and Girls Club of Metro Queens have teamed up to provide financial awareness to young children in Richmond Hill. (Photo courtesy of FCSB)
The First Central Savings Bank and the Boys and Girls Club of Metro Queens have teamed up to provide financial awareness to young children in Richmond Hill. (Photo courtesy of FCSB)

FCSB donated 50 piggy banks in the hope of encouraging interest in financial awareness. Piggy banks support hands-on learning to develop positive financial habits.

“Using a piggy bank is a great way to start kids on their savings journey,” Vallone said. “Children who are very young may not understand the value of money, but over time they will be excited to see the number of coins and banknotes increase. This lets them know that money grows when you keep it safe.

Even at 5 and 6, Vallone said the kids loved the financial lesson.

“The kids were so wonderful and happy to be there. I think just being there gives them a sense of community, a sense of education and connection with others, ”said Vallone.

The bank spoke with the students about conserving their coins and the importance of using piggy banks not only as a toy, but also as a savings tool.

“It’s great to be able to tie money with savings and a toy and put it all together in a program for young children,” Vallone said. “At the end of the day, we’re trying to help them have fun and if we can add to that and teach them a little bit about saving money in the process, then it’s a win-win for all of us.”


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