EVANSTON: First Bank & Trust is proud to partner with McGaw YMCA, Youth Job Center, Evanston Township High School, Junior Achievement and other local organizations to present workshops for area community members and students on the importance of budgeting and saving.
Establishing good savings habits while young is a great advantage. A study published in February of 2016 by Bankrate.com suggests 37 percent of Americans have credit card debt greater than or equal to their emergency savings, meaning a steep medical bill, or other unexpected expense could create financial havoc.
“We hope to teach students how to create a budget and the importance of setting aside money for future goals,” said First Bank & Trust Senior VP Paul Kogol. “Financial literacy is a life-long process, but by collaborating with our local schools and nonprofits, we can help provide students with a solid foundation in money management skills before they graduate from high school. We can also provide valuable continuing education to financially established adults.”
Workshop topics include how to open a bank account, how to save for college and plan for the future, basic budgeting and more. First Bank & Trust invites community organizations interested in partnering on a financial literacy program to contact the bank at [email protected]