![Central Bank Visits Oakhill]([{"url":"https://resources.finalsite.net/images/f_auto,q_auto,t_image_size_1/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":256},{"url":"https://resources.finalsite.net/images/f_auto,q_auto,t_image_size_2/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":512},{"url":"https://resources.finalsite.net/images/f_auto,q_auto,t_image_size_3/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":800},{"url":"https://resources.finalsite.net/images/f_auto,q_auto,t_image_size_4/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":1200},{"url":"https://resources.finalsite.net/images/f_auto,q_auto,t_image_size_5/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":1600},{"url":"https://resources.finalsite.net/images/f_auto,q_auto/v1778788196/oakhillday/ku65ftyduzrue0689t0l/bank4_1.jpg","width":2048}])
Deposit slips, savings percentages, and interest may not sound like elementary vocabulary, but they were all topics of an engaging discussion and presentation given to our kindergarten through third grade students by Tracey Rainge and Adriane Martens of Central Bank this morning.
After a successful Tiny Target unit where second grade students used their knowledge of economics and money concepts to market, produce, and sell handmade items, students extended their understanding by diving deeper into how banks could help support their future entrepreneurial endeavors.
During their visit, Ms. Rainge and Ms. Martens spent time sharing financial literacy information with Oakhill Lower School students. Students were introduced to the Central Bank mascot, Dollar Bill the duck and his Dollar Bill Savings Club. The children learned that banks help people keep their money safe. Students shared ways they could earn money, such as through a garage sale, and that the banks can help them deposit their dollars and cents. They discovered how to use a deposit slip and that a good goal would be to save 20% of their earnings. Some students even said they could save 50%! What a great goal!
Students were encouraged to visit a bank in person to see how adults conduct business. They also learned that they could open up a savings account and that over time their savings could grow! Our visitors were very impressed with Oakhill Lower School students' knowledge about words such as interest, needs and wants, and their math skills!
Families can continue the learning and conversation at home. Talk with your child about dollars and coins. You can practice coin identification, counting like and mixed groups of coins, practice counting back change during imaginative play or in real life settings, such as a lemonade stand or garage sale. Some children may have not visited a bank in person yet. You can let your student see what happens inside a bank on your next visit. Perhaps they can conduct business of their own by opening up their first savings account or depositing coins in the coin counter. What will your child save up for next?