In late 2012, TrustAtlantic Bank implemented a financial literacy program with The Daniel Center for Math and Science. The Daniel Center is an after school program for children ages 5 to 12 that is located in a low-income census tract in Southeast Raleigh. The financial literacy program, entitled “The Money Club” was developed by bank employees specifically for The Daniel Center.
The curriculum uses a combination of established financial literacy materials and unique lesson plans, created by bank employees. The children earn Money Club “dollars” for participating in a lesson. Each child has their own checkbook register where they log their participation dollars and can use their dollars to purchase items from the Money Club store. The children are encouraged to save their dollars for the more desirable, higher cost items in the store. In order to make a purchase, each child must write a check and deduct the purchase from their register.
The Bank provides all of the materials for The Money Club, including the store items. The Money Club is held twice a month at The Daniel Center and each lesson is facilitated by three bank employees.
Throughout the month of August, we’ll be posting regular posts highlighting financial literacy information, including community banks who are active in their local communities’ financial literacy programs.
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