Oregon’s Governor, Theodore Kulongoski, officially proclaimed April 21, 2009 as Teach Children to Save Day in Oregon. The Governor bestowed this proclamation in support of the many Oregon banks participating across the state to teach valuable financial savings lessons to children.

The Oregon Bankers Association (OBA), in conjunction with the American Bankers Association Education Foundation (ABAEF), is sponsoring the 13th annual National Teach Children to Save Day.

In addition to the numerous Oregon banks’ involvement, Oregon State Treasurer Ben Westlund will participate in the day’s educational activities at the Boys & Girls Club Knudson Branch at 5:30 pm in Salem.

During Teach Children to Save Day, Oregon bankers will incorporate games and activities into lessons on the concept of saving, how interest makes money grow, how to create a budget, and how to differentiate between needs and wants. This year the ABA Education Foundation is calling on bankers to accept the Million Child Challenge and teach savings lessons to one million students. Since 1997, the program has connected more than 60,000 bankers across the country with 2.8 million students to create a generation of financially educated students.

“Many of our nation’s youth develop spending habits before they develop savings habits. Teach Children to Save Day aims to reverse that trend. Now is the time to build an army of savers, when unfortunately the pitfalls of not saving are more apparent than ever,” says Linda Navarro, president and CEO of the Oregon Bankers Association.

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