Saving Smarts Starts Small

By: Vanessa Araiza Email
By: Vanessa Araiza Email

Corey Jerkins may only be 10 years old but some could say he's wise beyond his years.

"When you put money in the bank you can, over the years you can get more money and more money and you can get more in there and you can get it out to buy something," said Jerkins.

He may not be a millionaire...yet.

But Jerkins is learning the true value of a dollar.

In fact, he already has a bank account of his own.

After asking for different chores to build his bulk his grandma upped the ante.

"My grandma said that if i put some money in the bank that she would match it," said Jerkins.

"I think it is very important for children to learn how to save because you always want better for your children then you have," said Jerkins mom, Shanda Jerkins.

Jerkins couldn't be more proud of her son taking action on his financial future at a young age.

"I think that by teaching him early he will know how to earn money toward a goal," said Jerkins.

Danielle Shelley is trying to stress that same philosophy to her third grade students at Ashford Elementary.

For kids at such a ripe age she says it's important to break down how fast money can be spent.

"They think 2000 dollars is a lot of money but when you get down to it, it is not a lot of money," said Shelley.

Jerkins is quickly learning the importance of saving.

He even has plans on what to do with his money down the road.

"I will have some money to buy a house and a car and go to college," said Jerkins.

Experts recommend starting with a small amount of money when teaching a child how to start saving.

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