Submitted by Ruth Ahnen, FIC, Modern Woodmen
Enter “financial literacy in America” into any Internet search engine, and you’ll be overwhelmed with statistics. Mostly bad. However, many educators feel kids who learn the importance and value of money at an early age grow into adults who make smarter financial decisions.
Modern Woodmen Bank offers the Dollars and Sense Financial Literacy Program. This program can help your child become money wise … and $20 richer each year.
What is it?
The Dollars and Sense Financial Literacy Program offers grade-appropriate educational material for children throughout their school years. It helps children learn about a variety of financial topics — from the importance of saving and scholarships to the value of life and health insurance. The goal is to provide a strong educational foundation that will allow your child to make informed and effective decisions with their financial resources, as they grow older.
The program has been reviewed by a reputable children’s author and respected educators across the country. It meets Common Core standards at each grade level.
How does it work?
After establishing a Young Banker’s Savings Account, you and your child log onto ModernWoodmenBank.com. Once there, your child:
- Reads a grade-appropriate short story related to a financial topic.
- Takes a short quiz to demonstrate what he or she has learned.
- Sees a “Congratulations” screen announcing that $20* will be deposited into his or her account.
Each year, you will receive an email to remind your child to take the next grade’s lesson and quiz. One quiz is available per year, kindergarten through 12th grade. Each passed quiz earns your child another $20 in his/her account.
Have more than one child? Each of them can take quizzes and earn cash. Grandparents, you can get your little loves started on this program too! A Young Banker’s Savings Account is required to participate in the Dollars and Sense program. However, it’s quick, easy and inexpensive to apply. Open an account with as little as $20.
Help grow your child’s financial future!
Financial values begin at home. Put your child on a smart financial path. These fun quizzes can open the door for you to discuss important topics with your child and your whole family.
*Cash is reported as interest paid on Form 1099INT.
Let’s start the conversation. Contact Ruth Ahnen, FIC, Modern Woodmen of America. Visit at Suite 310S, 2435 E. Kimberly Road, Bettendorf, IA 52722 or call: 563-508-0842, or 563-508-0842. E-mail ruth.ahnen@mwarep.org.
Registered representative. Securities offered through MWA Financial Services Inc., a wholly owned subsidiary of Modern Woodmen of America. Member: FINRA, SIPC.
Sources available upon request.
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