First Community Bank of East Tennessee (FCB) employees recently took part in the inaugural Tennessee Financial Literacy Week by reading the Dr. Seuss book ‘One Cent, Two Cents, Old Cent, New Cent” to students at local preschools and elementary schools. The books were then presented to the teachers as a gift for their classrooms.
Tennessee Financial Literacy Week, sponsored by the Tennessee Bankers Association, promotes financial literacy among all age groups and the need to educate Tennesseans about the importance of personal financial wellness for the state’s future prosperity. During the week of April 8-12, banks from across the state took part to help build and support financially literate citizens.
“We believe introducing financial basics to young children is an important first step in helping them establish good money habits for life,” said FCB Vice President Miranda Cooper. “It’s never too early to begin instilling financial concepts like saving and spending. In fact, a report by the University of Cambridge found that kids’ money habits are formed by age 7. The sooner we take advantage of these teachable moments with the young people in our community, the stronger future we ensure for all of us.”
On March 22, Gov. Bill Lee signed a declaration to designate the first full week of April each year Tennessee Financial Literacy Week.
“Bankers view financial literacy initiatives as a top civic priority, and we’re proud of their efforts to educate their local communities,” said Colin Barrett, president of the Tennessee Bankers Association. “Early introduction and continued exposure to financial education can yield lifelong benefits for every Tennessean.”
For more information about Tennessee Financial Literacy Week, visit TNBankers.org/finlitweek.