Resources

Teach Children to Save - Join us at the Main Branch of the West Jordan Public Library on April 22, 2025, 3:30-5:30 PM for a celebration. Free and open to all. 

Teach Children to SaveTeach Children to Save is a national program that encourages banker volunteers to help young people develop a savings habit early in life. Last year, 900k students were reached. This year they expect to hit 1.25m students and within the next 3 years, a total of 5m!

If your bank is participating in any financial education program, please register!

ABA FOUNDATION

ABA Wealth Management & Trust Conference

PROGRAMS

The Utah Bankers Association participates in multiple financial literacy programs throughout the year sponsored by American Bankers Association. Our goal is to get many Utah Banks involved in these programs.

Teach Children to Save
Banks of all sizes that actively provide youth financial education, using any curriculum, are invited to register their participation in Teach Children to Save at no cost. The list of program participants is shared with State Bank Associations, policymakers and consumers. Additionally, registered participants will receive access to all Teach Children to Save resources.
Get Smart About Credit 
Join banks from across the country in registering your engagement efforts, both new and ongoing, to inspire the next generation to make sound financial decisions and explore the industry.

Safe Banking for Seniors 
A free national program, sponsored by the ABA Foundation that provides bankers with tools and resources to connect with their local communities on these topics and more:

  • Identifying and avoiding scams
  • Preventing identity theft 
  • Choosing a financial caregiver

Lights, Camera, Save!

Lights, Camera, Save! is an annual contest in which teens highlight their smart money habits through short videos. National voting for finalists will take place on Instagram in mid-January, with one entry receiving the grand prize. Participating banks can send finalist information to CommunityEngagement@aba.com or contact ABA’s Kelsey Havemann if they have questions.

Other Programs and Resources

The Utah Bankers Association also participates in multiple financial literacy programs in addition to the American Bankers Association literacy programs. We encourage our bankers to participate in these programs.

UTAH JUMP$TART COALITION

The Jump$tart Coalition mission is to improve the personal financial literacy of K-12 youth by providing advocacy, teacher trainings, and educational resources. We strive to prepare youth for life-long successful financial decision-making.

The Utah Jump$tart Coalition is a coalition of organizations, which share a commitment to the financial education of youth. Working collaboratively, more resources and expertise are available to accomplish this task.

On their website bankers can:

  • sign up to join and add information to their monthly newsletter
  • see updates on Utah Financial Literacy Teacher Trainings happening and consider being a train-the-trainer
  • see monthly webinars they are hosting, and sign up to be a webinar speaker
  • join their coalition and/or board of directors

FDIC Money Smart

The FDIC Money Smart program may be used by financial institutions and other organizations interested in sponsoring financial education workshops. Collaboration is important to the success of any education effort. The FDIC encourages banks to work with others in their communities to deliver financial education and appropriate financial services, including to individuals who may not have a relationship with an insured depository institution.

MyMoney.Gov

MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on MyMoney.gov can help you maximize your financial decisions. Throughout the site, you will find important information from 20 Federal agencies and Bureaus designed to help you make smart financial choices.

Finance in the Classroom

Providing high-quality personal finance materials for K-12 educators, students and parents, Finance in the Classroom is the place to help you prepare Utah's youth to be money smart.

DID YOU KNOW? - College Savings Accounts

There are two types of tax-advantaged college savings plans designed to help parents finance education: 529 Plans and Education Savings Accounts (also known as ESAs or Coverdell accounts). Both types of accounts offer tax-deferred growth.

A 529 plan is a state-run tax-advantaged account that allows you to set aside money for educational expenses. You can open a 529 plan for your child or grandchild and name them the beneficiary, which means that they get to use the money to pay for college, among other things. 

A Coverdell ESA is a trust or custodial account that allows you to save and grow your money for educational purposes. It’s very similar to a 529 plan, but with more restrictions and two major differences.

First, the contribution limit for an ESA is only $2,000 per child per year, while the limits on 529 plan contributions are much, much higher. And second, with an ESA, you can choose almost any kind of investment—stocks, bonds and mutual funds.

To learn more about ESAs: https://www.savingforcollege.com/coverdell-esas#:~:text=These%20accounts%20work%20very%20much,Education%20Savings%20Account%20(ESA).

To learn more about 529s: https://www.savingforcollege.com/intro-to-529s/what-is-a-529-plan

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