OVB enjoys 4-H fun with annual boot camp class

IMG_3599

4-H campers practice budgeting with candy during OVB Boot Camp.

Summer is in full swing. School is finally out, which means fun in the sun, pool parties, fairs, and of course, 4-H Camp!

As per tradition, Ohio Valley Bank once again participated in Mason County’s 4-H Camp. The bank’s class, OVB Boot Camp, took place at both older and younger 4-H camps. This year’s classes reached 27 campers.

A variety of financial topics was presented in a fun, interactive format during both camps. Campers participated in lessons and games, which included the following:

  1. Basic account types
  2. Basic bank paperwork, including check writing as well as deposits/withdrawals
  3. Interest
  4. Debit vs. Credit
  5. Budgeting

Along with each daily lesson, campers participated in a game where they had to juggle their personal mock portfolio of bank accounts. Each day they drew a Real Life Card, which either required them to pay a bill or provided them with unexpected cash. Campers also had an opportunity during this time to make deposits and withdrawals from their accounts. In addition, campers could choose to give in to temptation and spend their game money on snacks or continue to save. This year’s older camp portfolio winner was Hayley Russell, while Lyndsey Ward took top honors of the younger campers.

On the last day of both camps, all accounts were liquidated. Participants used their play money they earned throughout the week to bid on real prizes at the OVB Boot Camp auction. Prizes included a range of toys and games as well as movies, snacks and gift cards. Campers were able to take home all of the prizes they purchased.

Both older and younger camps did a wonderful job. Many older campers have taken the OVB Boot Camp class every year, while this year’s younger campers were all new to the program. The majority of campers agreed that they learned many valuable financial lessons, which will hopefully help them manage their money well as adults.

Camper Derrick Jackson, who has participated in the OVB Boot Camp Class every year since it was offered in 2006, ages out of 4-H camp this year. To celebrate Jackson’s accomplishments, OVB presented him with a $100 boot camp “buzz buck” with his face on it. The pretend currency was also signed by OVB President and CEO Tom Wiseman.

“During my time in OVB Boot Camp I have learned how to be financially stable in life. I really enjoyed my years in the class and getting to work with Bryna (Butler, OVB vice president corporate communications), Hope (Roush, OVB financial literacy leader) and Tony (Staley, OVB assistant cashier product development/business sales and support).” Jackson said. “I would like to thank everyone at OVB for putting together this class for the youth of Mason County.”

IMG_1825

OVB Boot Camper Derrick Jackson, who has participated in the class since 2006, was presented with a special “buzz buck” for his accomplishments over the years.

 

Many of the campers in both the older and younger classes said the budgeting lesson was their favorite activity.

“I learned about budgeting and managing money in our OVB Boot Camp class. It was a lot of fun. I especially enjoyed the auction at the end of the week. I can’t wait to take this next year,” Russell, older camp winner, said.

Camper Alex Fetty also agreed that he enjoyed learning about budgeting.

“I learned how to earn and spend money. I learned about certificate of deposit and how to deposit money into my checking account. I also learned how to write checks. I think the most important thing I learned was about a budget,” he said.

Camper Jacob Shull also found the budgeting game and lesson informative.

“In this class I learned I truly need to be cautious of my limits. Budgets though they take time to work out are worth it. Thank you OVB for doing this class,” Shull said.

Camper Brynn Roush said that the budgeting lesson made her more aware of how her parents manage their money.

“I learned about what all our parents pay for,” she said. “I learned that your parents have to make good choices about how they spend their money.”

Camper Caitlin Campbell was excited to learn valuable financial lessons as well.

“I learned about the differences between credit and debit. I learned how to budget, what a stock is, and so much more,” Campbell said. “I had a lot of fun playing the (banking) word searches and crossword puzzles because it helped me retain the knowledge about banking better. I think this class was very informative.”

Camper David Kapp said that he chose to take OVB Boot Camp during his week at older camp as he wanted to financially prepare himself for the future.

“Being that I didn’t want to fall into debt I thought that this class would help. I wasn’t disappointed as I learned much,” he added.

Camper Reece Oliver said she learned a lot during her week in OVB Boot Camp.

“This week OVB has taught me a lot about saving money. It has also taught me about using debit and credit cards correctly. We also learned about checks,” she said. She added that she loved OVB as well as getting to use her money she earned on fun prizes, including the cookies she purchased.

Camper Olivia Stanley also said that she enjoyed the boot camp auction as it was very rewarding.

“This week at OVB (Boot Camp) class I learned you can earn interest,” Stanley said. “I learned that you need to save your money and you will be rewarded.”

OVB Boot Camp was created in 2005. For more information or to schedule OVB Boot Camp, contact OVB Financial Literacy Leader Hope Roush at 740-578-3452 or e-mail hdroush@ovbc.com.

OVB celebrates Teach Children to Save Day

The key to building financially strong individuals and communities is education at a young age. Many people see financial responsibility as limited to adults, but it’s never too early to teach children how to be money savvy.

In an effort to help children understand the value of a dollar, the American Bankers Association established Teach Children to Save Day, which is being celebrated today. April also serves as Financial Literacy Month. According to the ABA, Teach Children to Save along with the foundation’s other financial education initiatives has reached 9.1 million young people through the commitment of more than 225,000 banker volunteers, including Ohio Valley Bank.

OVB celebrates Teach Children to Save the entirety of spring, and will do program presentations in the fall and winter upon request. Recently OVB took part in a Career Day at Washington Elementary in Gallipolis, Ohio. OVB Financial Literacy Leader Hope Roush discussed the different careers in banking as well as stressed the importance of saving. Along with materials provided by the ABA, OVB also uses the campaign as an opportunity to utilize the Centsables Adventures in Saving program, which is a fun, interactive lesson on saving. Topics included in the presentation focus on the following:

  1. Wants vs. needs
  2. Creating a savings plan
  3. Making deposits

Parents are encouraged to share the Teach Children to Save message as well. Both the ABA and OVB offer the following tips to help parents teach their children valuable financial skills:

  1. Set the example by being responsible yourself. This is accomplished by paying your bills on time, being a conscientious spender and an active saver. Remember children often emulate their parents’ personal finance habits.
  2. Talk openly about money with your kids. Communicate your values and experiences with money. Encourage your children to ask you questions, and be prepared to answer them.
  3. Teach them to understand the difference between needs and wants. Discuss the value of saving and budgeting as well as the consequences of not doing so.
  4. Open a savings account for your children. Take them with you to make deposits so they can learn how to be hands-on in their money management. At OVB ask about our Statement Savings account, which does not require a minimum balance for customers ages 18 and under.
  5. Tell your family and friends about your child’s savings goal. This can help your child save money with the cash they receive for special occasions, such as holidays and birthdays.
  6. Encourage kids to use Benjamin Tracker inside OVB NetTeller to keep track of savings goals. It’s a great visual to show the benefits of savings.

To schedule a Teach Children to Save presentation or for more information on OVB’s financial education programs for children and youth, contact Roush at hdroush@ovbc.com. Presentations are currently being scheduled now through December 2018.

Are you keeping your New Year’s resolutions?

Piggybank and calculator

Saving money is a common New Year’s resolution. Be sure to check out OVB’s Benjamin Tracker so you can stick with your goal of spending wisely this year.

 

It’s hard to believe we are nearly two months into 2018. We’ve almost made it out of winter with spring ready to welcome us soon. As we continue to navigate the New Year, one question remains: have you stuck with your resolutions?

If you answered yes, great job and keep it up! If you answered no, don’t feel bad because there is still plenty of time to get back on track. It seems after January many people run out of their “fresh start steam” and New Year’s resolutions become long-forgotten goals of the past. Just because you’ve strayed off the path doesn’t mean you need to quit entirely. We are here to help you make 2018 your best year yet!

  1. Review your resolutions. If you’ve completely fallen off the path of sticking with your resolutions, think of what they were and how you can make them more attainable. Remember to be realistic. Maybe you started too big or didn’t have enough time? Fix what went wrong and try again. Remember it is ok to adjust your goals to be more realistic as long as you continue to work hard to achieve them.
  2. Remember to track wisely. Don’t forget to keep track of your progress as it can help you stay focused. Journal what you’ve done and remember to list your struggles too so you know what to work on next. For example, a common resolution is to save money. If you are struggling to maintain this resolution, be sure to check out OVB’s Benjamin Tracker, where you can create a spending target to keep you focused. “Say you set a New Year’s resolution that you weren’t going to indulge in those coffee specialty drinks—iced caramel mocha anyone?—as much this year. Simply set a target for the amount you want to spend and category (coffee). When your transactions come into the bank, Benjamin Tracker will keep a running total of what you have spent in the coffee category and will visually warn you with a progress bar that turns from green to yellow to red when you are getting close to your target limit,” Bryna Butler, OVB vice president corporate communications, said.
  3. Make yourself accountable. Join social media groups to share your struggles and victories. There really is strength in numbers. For example, are you finding it difficult to stick with a healthy eating plan? You are not alone. Through social media you can find needed support as well as suggestions, such as healthy recipes, to help achieve your goals.
  4. Are you organized? When we make our New Year’s resolutions we often don’t consider potential road blocks, such as a busy work schedule. Remember to write down times that you can work on achieving your goals. For example, if you want to exercise more this year, don’t let your already hectic schedule deter you. Instead, make it part of your already established routine. Block out 20 minutes a day to get in your exercise. Twenty minutes can be done before work, during your lunch break, after work, or even during the evening.
  5. Reward your success. Don’t dwell on your shortcomings. Resolutions aren’t easy to keep, but if you focus on what you have done that can help motivate you to continue. Remember a good attitude can make all the difference in your success. If you want to get yourself something special to reward your progress but don’t want to spend money, remember to take advantage of your OVB Visa Rewards by using your Scorecard points.
  6. Look to your local community for help. Sometimes the best resources to help you stick with your New Year’s resolutions lie in your own backyard. Maybe you want to exercise more and just can’t stay motivated? Check out your local gym for classes and hours. Many gyms even offer personal training services to keep you focused. If your resolution was to explore your creative side, look for local art classes at area museums. Even if your resolution was to save money, remember your community can help with that. Visit your local parks for recreation and take advantage of the many free community events offered throughout the year to keep you entertained and your wallet full.

We hope 2018 is off to a good start for you, but if you have stumbled these first two months remember that it’s not too late to get back on track. Hopefully our tips will keep you motivated to stick with your resolutions. Let’s continue to make 2018 a great year!

 

 

OVB BANKit wraps first semester

Ohio Valley Bank recently wrapped up another successful semester with their high school financial literacy program. The OVB BANKit program, which brings real-life banking lessons to the classroom, runs throughout the entire academic year.

The 2017-2018 academic year includes participating schools from both Ohio and West Virginia. While some participating classes operate on a school year-long basis, others are split into semesters. Semester classes complete the full BANKit program just as those on a full academic schedule.

Created in 2010, the program brings real-life banking lessons to the classroom. Lessons are conducted by OVB’s Financial Literacy Leader Hope Roush. The program also works as a game in which students are given $100 in “buzz bucks,” the OVB BANKit currency. Their goal is to make as much money as they can by the program’s end. Students have the option to invest their buzz bucks as they wish among different accounts, including CDs, money market accounts, basic checking accounts and savings accounts. They also have the option to purchase and sell shares of stock in the game’s mock company, Pseudosoft.

Each visit, students draw a Real Life Card, which may force them to pay a bill or provide them with unexpected cash. During this time, students also have a chance to manage their banking and make deposits/withdrawals in their accounts. This portion of the program is especially important as students learn to fill out basic bank paper work as well as practice money management in a hands-on environment.

Along with the game aspect, each BANKit visit includes a lesson on a banking topic. Lessons covered last semester included:

  1. Basic differences in account types
  2. Filling out basic bank paper work, including deposits and withdrawals; check writing; updating check register
  3. Reading a bank statement
  4. Credit/Cost of Credit/Credit Reports/Credit Scores
  5. Budgeting
  6. Identity Theft
  7. Credit vs. Debit
  8. Interest

The overall winner of BANKit at each participating school last semester received a cash prize, while classroom winners received a special treat. In addition, a final review game is played at the program’s conclusion. The final review game covers all BANKit topics. The review game winners during last semester earned a cash prize as well.

OVB BANKit 2017-2018 first semester winners are as follows:

  1. Tessa Skinner, Gallia Academy High School
  2. Hanna Davis, River Valley High School
  3. Garrett Jeffries, Mason County Career Center

Final review game winners were Kaitlyn Williams, Gallia Academy High School; Caleb Dunford, Gallia Academy High School; Braden Jamora, Gallia Academy High School; Haven Kingery, River Valley High School; Noah Patterson, River Valley High School; and Tyler Hess, River Valley High School. Due to snow days, Mason County Career Center classes were unable to play the final review game.

OVB BANKit started second semester sessions this week at participating schools. For more information on the program as well as other financial education programs, contact Roush at hdroush@ovbc.com.

 

OVB to take part in Get Smart About Credit

vintonelem3

OVB Financial Literacy Leader Hope Roush presents Adventures in Credit to area school.

October is not only about Halloween, it also plays host to the American Bankers Association Get Smart About Credit event. Don’t let your finances scare you. Be sure to Get Smart About Credit!

Ohio Valley Bank will once again celebrate the event this month with their financial literacy programs. Now in its 15th year, Get Smart About Credit is a national campaign sponsored by the American Bankers Association to help youth understand credit and other financial lessons. Get Smart About Credit Day will officially be held Thursday, Oct. 19, however, OVB will be celebrating the event throughout the fall season.

Read more of this post

OVB BANKit! Set to Kick Off This Fall

bankitsupplies

As the 2017-2018 academic year is officially underway, Ohio Valley Bank is once again ready to bring back their BANKit program to area high schools.

The OVB BANKit program, which spans the entire length of the school year, reached 445 students last year from six participating schools in Ohio and West Virginia. Students ranged from freshmen to senior grade levels.

Created in 2010, the OVB BANKit program brings real-life banking lessons to the classroom. OVB Financial Literacy Leader Hope Roush conducts each lesson, which typically takes place on a monthly basis at participating schools. The program works as a game in which students are given $100 in buzz bucks, the OVB BANKit currency. Students have the option to invest their buzz bucks as they wish among different accounts, including CDs, money market accounts, basic checking accounts and savings accounts. They also have the option to purchase and sell shares of stock in the game’s mock company, Pseudosoft.

During each visit, students draw a Real Life Card, which may force them to pay an unforeseen bill or provide them with unexpected cash. During this time students also have a chance to manage their banking and make deposits/withdrawals in their accounts. This portion of the program is important as students learn to fill out basic bank paper work as well as practice money management.

In addition to the game aspect, each BANKit visit includes a lesson on a banking topic. Lessons for this academic year will include:

  1. Basic differences in account types
  2. Filling out basic bank paper work, including deposits and withdrawals; check writing; updating check register
  3. Reading a bank statement
  4. Credit/Cost of Credit/Credit Reports/Credit Scores
  5. Budgeting
  6. Identity Theft
  7. Credit vs. Debit
  8. Interest

Along with planned lessons, if teachers have requests pertaining to other financial topics, OVB will often accommodate them.

For more information on the OVB BANKit program, contact Hope Roush at hdroush@ovbc.com.

OVB BANKit! wraps another successful year

By Hope Roush, OVB Financial Literacy Leader

bankitsupplies

The 2015-2016 school year ended about as quickly as it started. Once again Ohio Valley Bank worked to promote financial literacy within our area high schools. This year’s OVB BANKit! program took place in six participating schools.

The program, which was launched in 2010, reached students at Gallia Academy High School, River Valley High School and South Gallia High School in Ohio as well as Point Pleasant High School, Wahama High School and the Mason County Career Center in West Virginia. Approximately 360 students completed the program this year. Read more of this post