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Apr 27, 2010 6:49 PM by Monica Quintero

Santa Maria student shares what she learned about saving money

Some Santa Maria kids got a lesson on the ABC's of saving money. Community bankers from Rabobank taught that lesson to fourth graders at Adam Elementary School.

It's part of "Teach Children to Save Day." It's a nationwide effort to increase the financial literacy of today's young people.

Organizers said studies show that money management skills and knowledge are lacking in today's school-age generation. The students were taught about saving, budgeting and how interest makes money grow. Yesenia Zacarais, student, said, "To save money, you can put some in the bank. For example, if you have a $100 bill, you could spend $50 and save $50."

Organizers also said since the event started in 1997, more than 80,000 bankers have reached an estimated 3.4 million young people.

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