NBT Bank urges community to sign savings pledge during America Saves Week
NORWICH – In observing America Saves Week which takes place from Feb. 27 – Mar. 4, NBT Bank is reaching out to customers and local schools to encourage them to sign the America Saves Pledge: a pledge that aims to improve saving habits and financial futures for participants around the area.
The America Saves Pledge is a follow-up to NBT Bank's Strive® Financial Literacy Program, which has helped kids, teens, and young adults establish a positive relationship with money and responsible financial habits through financial education presentations across the six states where the bank is located.
“Signing this pledge is a natural extension of our Strive Financial Literacy Program,” said NBT Bank Executive Vice President of Operations and Retail Banking Joe Stagliano. “It encourages young people in our community to make a commitment to save, reduce debt, and begin investing in their financial future.”
According to a release from NBT Bank, the pledge is targeted for students ages 14 and older, and encourages participants to set a specific savings goal and stick to it. They offer the following rules-of-thumb to aid in savings:
• “Develop a budget. Look at your debt and other expenses in order to figure out how and where you can be saving. This is easiest and most effective when you write down an actual budget – that way you can see all of your expenses, including ones you can cut.
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