NBT Bank Gets Customers and Kids Involved in Financial Literacy Month
Norwich, NY (April 1, 2013) – April is Financial Literacy Month and NBT Bank is reminding its customers and communities that it’s the perfect opportunity for individuals and families to change their financial situation by learning about important matters like creating and managing a budget, paying down debt while saving for emergencies, and creating achievable financial goals.
“At NBT Bank, we actively encourage our customers and communities to become more proactive in financial planning and saving,” said Martin Dietrich, President and Chief Executive Officer of NBT Bank. “Changing your financial path is not always easy, but we want individuals, families and educators to know that we are here to offer resources and tools to help them reach their goals.”
In cooperation with Financial Literacy Month advocate Money Management International, NBT Bank offers the following five steps to help adults on their path toward financial wellness:
1. Make a commitment. Changing your relationship with money is not an easy task; it takes hard work and a strong commitment. Visit FinancialLiteracyMonth.com and take the pledge to start on the path toward financial security.
2. Assess your financial situation. A simple quiz can help you understand your current financial position. Knowing where you are today will help you determine the best path toward meeting your financial goals.
3. Get organized. Getting your financial house organized is a great way to begin on a clear path toward financial wellness.
4. Set priorities. Understanding the difference between needs and wants will help you establish financial priorities and set realistic goals.
5. Live on a budget. Spending less than you earn is easier said than done, but a solid budget is the most important element of any successful financial plan.
NBT’s Strive® program provides in-classroom and online financial education to help today’s youth and young adults grow their money skills. It is a source for learning and inspiration to help kids, teens, and young adults establish a positive relationship with money and navigate personal finance as their financial needs mature. Starting early with fun and informative financial literacy helps students of all ages develop good financial habits and pay more attention to how money is wisely saved and spent.
NBT Bank employees have conducted more than 100 classroom presentations in school districts and community groups across the bank’s footprint. To learn more, visit www.nbtbank.com/strive.
NBT Bank offers personal banking, asset management and business services through a network of 161 banking locations in five states. NBT Bank operates from 121 locations in upstate New York, northwestern Vermont and western Massachusetts. NBT’s Pennstar Bank division operates from 35 locations in northeastern Pennsylvania, and its Hampshire First Bank division operates from five locations in southern New Hampshire. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp Inc. had assets of $6.0 billion as of December 31, 2012, and is traded on the NASDAQ Global Select Market under the symbol NBTB. More information about NBT Bank and NBT Bancorp can be found on the Internet at http://www.nbtbank.com and http://www.nbtbancorp.com.