Having a college savings account containing even $1 will increase the likelihood a child will attend college from 45% to 71%.
Presenting the Piggy Bank Program
We are proud to say that Andson Money delivers crucial financial lessons to the youth in a variety of ways. Besides our curriculum, one of these ways is through the Piggy Bank Program. In partnership with United Way's Young Philanthropist Society, Silver State Schools Credit Union, and Andson, the Piggy Bank is essentially a bank for students directly inside their schools. Andson Financial Literacy Curriculum is taught in tandem to guide and inform students in their savings journey.
As of April 2017, the Piggy Bank Members at all three schools have collectively saved over $234,000!
Andson receives $25,000 from Mutual of America Foundation for the Piggy Bank Program!
Edutopia is a comprehensive website and online community that increases knowledge, sharing, and adoption of what works in K-12 education. They recently featured the Piggy Bank Program, through which K-5 students at Walter Bracken STEAM Academy had saved over $30,000 at that point.
The schools participating in this program are Hollingsworth Elementary School, Bracken STEAM Academy, and Long STEAM Academy. The Piggy Bank works by having a walk up counter (just like a real bank) where students can deposit and keep track of savings to reach their short and long-term goals. After the students complete the fifth grade, they get their savings back in the form of a check. With that money, the students are encouraged to keep saving toward their goals through SSSCU or another financial institution. "The best part of the program is that it's teaching our parents what they need to discuss with their children regarding money." noted Bracken principal, Katie Decker. This program truly inspires students to save money and instills the knowledge and excitement to carry on the habit of saving beyond all levels of schooling.
Bracken’s 5th Year Anniversary with The Piggy Bank
Friday is a day that brings much excitement to elementary schoolers - pizza day, no homework, last day of the week! But for studious young learners at Bracken STEAM Academy, Friday also means it’s time for The Piggy Bank! September 16th 2016, Andson returned to Bracken to re-open their special savings program. This wasn’t just any regular re-opening though, this was the official start of The Piggy Bank’s fifth year. What does that mean for our little savers? That means that those who were once in the first grade, are now in their final year of elementary school and have been saving their entire elementary careers! Oh how time flies!
We couldn’t be more proud of how far each and every student has come. They all worked so hard to achieve their unique savings goals.