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.

OVB to take part in Get Smart About Credit

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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.

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Make Successful New Year’s Resolutions

Happy New Year Hat Times Square New YorkJust like that another year is coming to a close. As we prepare to bid 2015 farewell, many people are busy coming up with their 2016 New Year’s resolutions.

Ah New Year’s resolutions—those lofty goals we set to start the New Year right but often see ourselves failing to maintain as early as February. This year, however, just maybe we can all stick to our resolutions with some better planning.

By adhering to the following tips you might be able to make and KEEP your New Year’s resolutions for 2016: Read more of this post

It’s Never Too Early to Learn to Save

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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 Read more of this post

5 Cool Things You Might Not Know OVB Has

Ohio Valley Bank is a community bank.  We offer a small town vibe with small town customer service.  Your neighbor down the street could be the one taking your deposit, and that is part of what makes community banks great.  However, that doesn’t mean we can slack on bringing you the best in technology, convenience and useful products.  Even our best customers might miss out on something we release from time to time, so today I’m going to talk about a few of those things you may have missed.

Money Island & The Centsables

One thing all kids (and I) have in common is the love of playing games.  That’s why we offer Money Island.  Money Island is an online, virtual world where kids can log into a safe environment, play games, build a virtual home and learn how to be financially sound.  Check out the story of Stone Broke in the video below. Read more of this post