M&I Bank employees offer ideas on 'National Teach Children to Save Day'
On April 21, M&I Bank, Minnesota Region, employees participated in the annual American Bankers Association (ABA) Education Foundation's "National Teach Children to Save Day" to educate children about the importance of budgeting and saving money.
M&I Bank employees facilitated educational sessions at local schools to teach area youth the basics they will need to make smart financial decisions as adults.
"You're never too young to learn money-management and there are a lot of easy ways for kids to start," said Brad Chapin, regional president, M&I Bank. "It can be as easy as budgeting and learning to compare prices; it is also a great idea to involve parents."
Chapin explained that by asking their parents to give out allowances in small bills, it will be easier for children to separate dollars to spend from those they wish to save.
On Teach Your Children to Save Day, more than 70 percent of M&I Bank's Minnesota offices shared kid-friendly savings tips to help in excess of 1,700 local children learn how to practice money-management and responsible spending.
Children were given ideas on saving for a special purchase, managing their allowances, learning to compare prices and developing long and short-term savings goals.
This year, the ABA called on banks to accept the "Million Child Challenge" with the goal of reaching one million students with this year's program. Last year, nearly 150 M&I Bank, Minnesota Region, employees participated in this effort, and M&I Bank hopes to continue to build upon the past successes of Teach Children to Save Day.
M&I Bank is an affiliate of Marshall & Ilsley Corporation, a diversified financial services corporation headquartered in Milwaukee, Wis., with $62.3 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state.
In addition, M&I has 53 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 36 offices along Florida's west coast and in central Florida; 16 offices in Kansas City and nearby communities; 26 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area.
M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (www.mibank.com or www.micorp.com).