It’s Never Too Early to Learn to Save


by Hope Roush, OVB Financial Literacy Leader

It’s never too early to learn how to be money savvy, and as an effort to teach children the value of a dollar, the American Bankers Association established Teach Children to Save Day. This year’s celebration took place Friday, April 11. According to the ABA, Teach Children to Save has reached more than six million young people through the commitment of 134,200 bank volunteers. In addition to the day itself, the ABA encourages participants to spread the Teach Children to Save message throughout the month of April and spring season.

Ohio Valley Bank once again took part in the Teach Children to Save event. Several spring presentations are scheduled for area schools. Along with materials provided by the ABA, OVB will take this opportunity to utilize the OVB Adventures in Saving program featuring The Centsables, which is a fun, interactive lesson on saving. Topics included in the presentation focus on the following:

  • Wants vs. Needs
  • Creating a Savings Plan
  • Making Deposits

In addition to classroom adventures, OVB recently attended the Mason County Outdoor Youth Expo in Point Pleasant, W.Va., where they showed the crowd the Centsables program. During the event, OVB presented students with their very own savings plan worksheet. The expo was attended by fourth, fifth and sixth graders from Mason County area elementary schools.

For parents who would like to share the Teach Children to Save message, the ABA and OVB offer the following tips to make your children money-smart:

  1. Set the example by being responsible yourself. Pay your bills on time, be a conscientious spender and an active saver. Children often emulate their parents’ personal finance habits.
  2. Talk openly about money with your children and encourage them to ask questions.
  3. Explain the differences between needs and wants. Discuss the value of saving and budgeting as well as the consequences of not doing so.
  4. Open savings accounts for your children and take them with you to make deposits so they feel involved in the process.
  5. Let friends and family know about your child’s savings goal. This can help your child save money from special occasions, such as holidays and birthdays.

In addition to Teach Children to Save Day, the entire month of April is recognized as Financial Literacy Month. For more information on OVB’s financial education programs for children and youth, contact OVB Financial Literacy Leader Hope Roush at 

About Ohio Valley Bank
Ohio Valley Bank, established in 1872, currently serves personal and business customers from 15 offices throughout Ohio and West Virginia. The Bank's headquarters are located at 420 Third Avenue in historic Gallipolis, Ohio. The company has never changed names, making it one of the oldest banks in the state. Member FDIC | Equal Housing Lender

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