Tips on how to raise financially savvy children are being offered by NBT Bank in conjunction with Financial Literacy Month in April and Teach Your Children to Save Day which is April 20.
Among tips for parents that were cited by NBT this week through its Strive Financial Literacy program:
• Set an example by paying bills on time, being a conscientious spender and an active saver.
• Talk openly about money with your children.
• Explain the difference between needs and wants, the value of saving, budgeting and giving.
• Give your children feedback as they begin to make their own financial decisions.
NBT said it celebrates Financial Literacy Month all year long, offering various financial literacy curricula for schools and organizations including interactive lessons for classrooms or presentations; class trips to an NBT office; experts and guest speakers for sessions and events involving students and parents.
More information about NBT’s Strive Financial Literacy program is at www.nbtbank.com/strive online or by contacting a local NBT branch. Among NBT’s local operations are two sites in Rome.