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?