CRESTVIEW — April is Financial Literacy Month, an ideal time to “Teach Children to Save.”
During the event, which runs through July 31, youths can set a savings goal, make a deposit into a savings account, and earn a chance to win a prize.
Youths age 18 and younger must make deposits to savings accounts at Beach Community Bank, Eglin Federal Credit Union, First City Bank and PenFed Credit Union to be eligible.
Once entry forms are collected from these financial institutions, six winners will receive $50 to deposit into their savings account.
Okaloosa $aves, part of the national initiative America Saves, is coordinated by the University of Florida's Institute of Food and Agricultural Sciences Extension in Okaloosa County.
Since 2004, Okaloosa $aves has awarded children $7,800 in savings bonds and deposits.
The organization received an A+ School Recognition Certificate at an April 14 Okaloosa County School System faculty meeting.
Call 850-689-5850 to learn more about the project.
This article originally appeared on Crestview News Bulletin: Children's saving program kicks off in Okaloosa County