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Because developing good financial habits at a young age often dictates a bright financial future, we encourage parents to participate in and support our Strive financial literacy program. The Strive financial literacy program focuses on building skills through an interactive learning process that grows with your children as they progress from one life stage to the next:
As your children learn how to make good financial decisions, Strive can help provide tools to make the subject more approachable for both of you. NBT Bank offers the following tips for parents looking to raise financially-savvy children:
NBT Bank also offers iStrive Checking, Savings, Debit and credit products designed to help your kids practice what they have learned. Learn more about our iStrive products, or stop by your NBT Bank office and ask your branch manager to introduce you to the new iStrive line of youth and young adult banking products.
Include Children in Money Discussions at Home.
The earlier you engage your kids in money management discussions the greater impact you will have on their development of financial skills.
Start a College Savings Plan.
It is never too early to start planning for their educational pursuits.
Learn How to Make Savings a Family Affair.
Make managing your family budget a team activity to help everyone plan an active role in your financial goals.