The fourth and fifth graders took on the challenge of managing their own bank account, played different roles at the bank and learned valuable lessons that will help them in the future.
"Kids don't normally practice saving money," says Bank President Carter Baldwin. "They blow it on bubble gum when they go to the stores and stuff because they don't know what they want, so they blow it on bubble gum. So we decided we needed to find a way to prevent this, so we made a savings bank at our school."
The students visit the bank once a week and must maintain a balance of at least $1 for it to remain active.