St Philomena Higher Primary English Medium School in Puttur has introduced the ‘Save Money and Money will Save You’ initiative to instill saving habits and financial literacy among students. This program encourages students to manage their expenses wisely and understand the value of money. A structured schedule is in place for students to deposit money into designated boxes on specific dates.
Vivek Alva, the president of the Parent’s Teacher Association, emphasized that the initiative aims to help children learn the importance of saving and managing money from a young age. He noted that developing these habits early can prepare students to face future challenges and manage their educational expenses.
As part of the program, Prashanth, the regional manager of the Bank of Baroda, was invited to guide the students on opening zero-balance bank accounts. These accounts will be useful for students to deposit their savings and manage any future scholarships or financial transactions.
Additionally, the school has launched a ‘Play with Machines’ concept, offering practical workshops to enhance technical skills and reduce screen time. In the first workshop, students explored the workings of an internal combustion engine.
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