On Saturday, December 1, Master Your Card, a community empowerment program sponsored by Mastercard®, hosted an Economic Empowerment Family Fair in The Bronx, New York
The did it as part of a collaboration and in partnership with:
- The New York Hispanic Chamber of Commerce,
- Phipps Neighborhoods and
- The Bronx School for Law, Government and Justice, where the event will take place.
According to Mastercard Vice President of Community Relations, Mercedes Garcia Eggleton, over 130 people attended the financial education event.
The purpose of the gathering was to bring together local business leaders, public officials, financial experts and organizations to offer information and resources tailored to the needs of the financially underserved in the community. We are pleased and grateful to share that among those resources were Sammy Big Dream story books.
“Education is a critical part of getting ahead financially and improving a family’s financial position,” said Garcia.
Sammy Rabbit agrees wholeheartedly. Education has the power to transform lives and make dreams come true, like going to and graduating from college, owning a home or small business, retiring comfortably, etc. Furthermore, it is vital the education process start early, before kids form bad money habits and attitudes.
Here are four tips to help parents get the money conversation started early.
- Create slogans that communicate your family’s financial values. Make them short. And make them easy to remember. Here are few: saving is a great habit; earning money is fun to do; give wisely; spend smart
- Read kids storybooks that share and reinforce your money philosophy.
- Have children do activities, arts and crafts that teach or share important money concepts. For example, have them create their own persona saving jar or piggy bank.
- Take advantage of teachable moments that occur on a regular basis like going grocery shopping. You can make lists, check prices, compare and contrast goods, review coupons and discuss various methods of paying for goods, These are just some of the financial lessons you can teach and talk about on a trip to the store.