Learning ‘Needs’ Versus ‘Wants’ Helps Students Build Strong Futures

 

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Learning ‘Needs’ Versus ‘Wants’ Helps Students Build Strong Futures

Vanessa Washington, Senior Executive Vice President and General Counsel for Bank of the West, works with students during National Teach Children to Save Day.

 

David Pollino, Senior Vice President in Corporate Security for Bank of the West reads “Three Cups”, a storybook that incorporates saving and spending.

In 2014, Bank of the West volunteers took to classrooms across their local region to help students in grades kindergarten through 12th develop healthy financial habits.  The bank engages in a variety of creative and interactive outreach programs that are designed to educate young people about understanding “needs” versus “wants” and the importance of credit and personal savings.

“Financial education plays a critical role in advancing the economic well-being of individuals. Our bank volunteers understand that educating our children on how they can make sound financial decisions helps to develop a future generation of consumers who make smart choices,” said Jenny Flores, head of Community Affairs. “I’m very proud of our many Bank of the West team members who have been enthusiastic about lending their expertise to schools and nonprofits in support of advancing financially healthy communities.”

Gilles Karpowicz, General Auditor at Bank of the West, facilitates a middle school discussion on understanding credit during Get Smart About Credit month.

Gilles Karpowicz, General Auditor at Bank of the West, facilitates a middle school discussion on understanding credit during Get Smart About Credit month.

Throughout the year, Bank of the West partners with nonprofits including Operation HOPE, Junior Achievement and the National Theatre for Children, as well as local school districts and federal and state agencies to bring important life lessons into the classroom. Teaching methods differ depending on a child’s age, so strategies and curriculum are tailored accordingly. This year, the bank reached more than 10,000 students through diverse programs including job shadow and career day, comedy improv and creative arts projects.

Congratulations Bank of the West!