Students learn the value of saving money

Published: Apr. 23, 2018 at 4:48 PM CDT
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You'd expect fourth grade students to be familiar with Ben Franklin. Nest 529 accounts – not so much. Students at Standing Bear Elementary are now up to speed on both.

"We were visiting with a lot of young people here at the elementary school. Talking about the ideas of money, and savings and kind of introducing them to the idea of what money is and using it responsibly. And learning to save money,” a Ben Franklin impersonator said.

Nest 529 and First National Bank teamed up with a Ben Franklin impersonator to teach students about money and how it helps our economy run smoothly. Each student was given a bag of goodies. The students were told that two bags contained a gold bar and whoever received those bags won a $1,000 contribution to a NEST 529 account.

Carly Brennan and Tierney Carman were the winners. Both girls said their families wouldn't be able to contain their excitement.

"They're probably gonna yell and scream – and they'll probably think I'm joking at first,” said student Tierney Carman.

"They're probably gonna burst,” said student Carly Brennan.

These kids have probably learned a lesson about kites and electricity from Ben Franklin in the past. On this day, something different struck them.

"It's important to save money. So that you have it when you need it,” said Carman.

April is Financial Literacy Month and in case you're wondering what was in the gold bars – it was rubber money.

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