Wee Woburnites Learn About Savings

They may not have a large income, but even kindergarten students need to learn how to save. 

Employees from the traveled to the earlier this week to teach 67 kindergarten students how to save their pennies.

During the "Teach Children to Save" lesson, which was developed through the CSBsmart Financial Education Program, students were taught by bank employees saving, value, price and generosity. 

“Cambridge Savings Bank believes that it is important to provide financial education to children early on in their development,” said Susan Lapierre, senior vice president of community relations and Community Reinvestment Act officer for Cambridge Savings Bank, in a statement.

“CSBsmart’s aim is to contribute to the economic development of the communities Cambridge Savings Bank serves," she added. "The bank’s commitment to teach the basics of finances, regardless of age or background, is an integral part of our mission as a community bank.”

Bank employees read the book Rock, Brock and the Savings Shock, which was written by FDIC Chair Sheila Blair an an educational introduction to savings. A copy of the book was donated to the school library.

Students also received a colorful coin chart, $1 in coins, and a CSB piggy-bank.     

Cambridge Savings Bank plans on educating 1,000 students during the month of April, which is Teach Children To Save Month. 

For more information on the bank and this educational initiative, visit www.cambridgesavings.com and click on the CSBsmart tab.