National Teach Children To Save Day

National Teach Children To Save Day is a holiday observed every year in April. It is designed to teach children how to save on a regular basis. Organized annually by bankers, it aims to help children develop the financial skills they will need in adulthood.

Parents can participate in this holiday by teaching their children the benefits of saving money and setting them up with their own supervised savings account. Assisting children in this manner will help them grow into responsible adults capable of controlling their financial destiny.

The History of National Teach Children To Save Day

This holiday was created in 1997 by the American Bankers Association as a way to teach children the importance of saving. It has been going strong ever since, with thousands of children taught over the years how to manage their finances as they grow older.

Some Fun Facts About Saving Money

Since this holiday is all about saving money, we thought we would share some of the facts we have learned about saving—facts that we think everyone can appreciate and enjoy.

  • If you place $1,000 in a savings account for 10 years at 3% interest, you would earn over $349 in interest.
  • The average American has just under $4,000 in savings.
  • Approximately one out of four Americans have no savings at all.
  • Approximately 40% of all Americans have no retirement savings at all.

Observing National Teach Children To Save Day

This holiday is observed across the United States, so most schools and/or parents simply need to find an event near them. However, official events are not the only way to celebrate this holiday.

Children can also be taught fiscal responsibility by their parents and teachers. Parents can give their children a savings account and encourage them to save money every month in that account.

Teachers can demonstrate the value of money and how saved money can compound into even larger amounts. Additionally, people can spread the word about this holiday using the hashtag #TeachChildrenToSaveDay on social media.

When is it?
Last year (2023)
April 27 Thursday
Relationships & Family