Originally posted on ntxe-news.com
Local students will be getting a free education on how to manage their money. First United Bank is working with Banzai, a national award-winning financial literacy program, to make their curriculum available to 31 Texas schools completely free.
“Banzai is a web-based financial literacy program. Kids get their own accounts, and they work through assignments that are based on real life,” Morgan Vandagriff, co-founder of Banzai, said. “But because First United Bank is sponsoring it, local schools get it for free. More than ever, it’s important that kids develop sound financial skills to prepare them for the real world, and First United Bank realizes that and they’re doing something about it.”
Banzai is an interactive, online program supplemented by printed workbooks which aligns with state curriculum requirements for personal finance education. It has become the largest program of its kind, servicing more than 50,000 teachers and available in all 50 states.
First United Bank has offered time, money, industry experience, and a variety of bank resources to help local schools teach personal finance in the classroom. Students using the program are exposed to real-life scenarios where they learn to pay bills and balance a budget – but it’s not always easy. Students must learn to manage unexpected expenses such as parking tickets, interest charges and overdraft fees. The educational program also introduces students to auto loans, bank statements, entertainment costs, savings and more.
“Too often students get out of school and they just aren’t ready for the financial roller coasters life can give us,” Vandagriff said. “Banzai teaches students to navigate those twists and turns and come out on top. We’re excited to work with First United Bank to improve financial literacy in local schools.”
Teachers interested in using the Banzai program can visit firstunitedbank.teachbanzai.com or call 888-8-BANZAI.
About First United Bank:
Established in 1900, First United has more than 85 bank, mortgage and insurance locations throughout Oklahoma and Texas. It is one of the largest, well-capitalized banking organizations in the Southwest with assets of more than $7 billion, and it is among the largest privately held community banking organizations in the United States. First United provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®. Learn more at firstunitedbank.com.