Sound Community Bank, which has a Mountlake Terrace branch at 22807 44th Ave. W., on May 1 is introducing MoneyIsland, an online world that helps children ages 8 to 14 in three key financial areas: saving and spending, earning and investing, and using credit wisely.
Children go on adventurous quests to exotic destinations, becoming financial gurus along the way. Meanwhile, parents and teachers have access to an administrator tool where they can track progress and assist in the learning experience.
Financial literacy is at an all-time low in the United States, the bank notes, and research shows that 91 percent of parents are interested in providing a better financial education for their kids.
“As an active member of our community, a big part of our responsibility is helping at the local level, and educating kids about money-management is a great way to make an impact,” says Laurie Stewart, Sound Community Bank president and CEO. “Offering MoneyIsland helps parents and teachers address an important challenge for the children of our community and instill lifelong financial literacy lessons.”
The MoneyIsland curriculum has already been successfully piloted by public schools in Iowa and Texas. There are lesson plans for every level of the learning experience, along with ongoing educational resources for teachers and parents, and the plans are aligned with national standards published by the Jump$tart Coalition for Personal Financial Literacy.
Contact Sound Community Bank at the MLT Cedar Plaza Branch, 800-458-5585, Ext. 100 for more information on enrolling individual children or a group.