Archived: Save For America

A r c h i v e d I n f o r m a t i o n

Educational Programs That Work - 1995

Save For America

Save For America. A program designed to teach students in grades 4-6 basic principles of personal economics and help them practice the skills they have learned by participating in a school-based banking program.

Audience Approved by PEP for all students grades 4-6.

Description Save For America is a school-based savings program sponsored by a bank but run by adult volunteers. Its purpose is to reinstill the savings habit in America's youth.

DEPOSIT PROCESS
Students Bank at School: Bank day is before school once a week. To make a deposit, students bring their money and savings register on Bank Day. Using Save for America software, and with adult supervision, students key in their deposit on the school's Apple or IBM computer. With a computer-generated receipt, a sticker, and the deposit recorded in their savings register, it's off to class for the new generation of savers!
Electronic Data Processing: The Save For America data disk goes to the bank for processing. At the bank, a special program checks the disks for accuracy and prepares the deposits to be sent to the bank's mainframe computer or service bureau.
CLASSROOM STUDIES
Program Materials: Making a deposit is not enough to firmly establish the savings habit in the minds of American children. A Save For America curriculum has been designed to teach children why saving is important, how to save, and the mechanics of saving. This U.S. Department of Education approved curriculum is designed for use by teachers or parents.
INCENTIVES FOR SAVERS
Each time students make a deposit of any amount they receive a Save for America sticker to remind them to save again!

Evidence of Effectiveness Request a copy of the PEP report.

Requirements A sponsoring bank is required in order to implement the program.

Costs The bank pays all costs.

Services Awareness materials are available at no cost. The program staff is available for awareness sessions (costs to be negotiated). Implementation and follow-up services are available to adopters (costs to be negotiated).

Contact: Sherry Avena, 4095 173rd Place, S.E., Bellevue, WA 98008. (206) 746-0331, FAX (206) 562-8780. E-Mail: savena@inet.ed.gov

Developmental Funding: Private sector initiative.
JDRP No. 85-6R (4/2/85)
Recertified (3/5/92)

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