Gerri Walsh: My First Bank Account Led to Lifelong Dividends

Sam X Renick interviews FINRA Education Foundation President Gerri Walsh for CentSai and Sammy Rabbit’s Money Cents for Kids!

Renick: What is the most important money habits you learned as a child?

Walsh: My first job involved covering a portion of a sibling’s paper route for a cut of her collections. That’s when I developed a habit of accompanying my parents to our local bank on Saturdays, where I would deposit a portion of each week’s pay into a passbook savings account. I enjoyed watching the interest compound… CONTINUE READING

Your Thoughts

  • What memories do you have of your first bank account? Was it a savings account? Or was it a checking account?
  • How has what you learned from your first bank account impacted your life and your financial literacy?
  • In your view what is one of the significant changes in banking as it relates to accounts for kids, teens, and college students?

Author Picture

About the Author

Sam X Renick is the driving force behind Sammy Rabbit. Sam and Sammy are dedicated to empowering kids’ dreams and improving children’s financial literacy through the development of great habits and strategic life skills. Sam has read and sung off key with over a quarter million children around the world, encouraging them to get in the habits of saving money and reading!

Posted in: CentSai, Guest Columns