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Show Savings Program Being Conducted at Junior High (By La Mont Bennett, Cedar Junior Jun-ior High School Mathematics instructor). in-structor). How many of you ever made 5'- a month interest on your savings? Probably none of you, but if you'd like to, the establishing estab-lishing of a savings bank in your school as part of the activity program, pro-gram, can provide such an opportunity oppor-tunity for you and your students. As we know the Junior High school is an exploratory school where the activity program should play a major roll in the dally schedule. It shoald give the students a sampling and taste of many of the fields, and vocations that they may come in contact with. It gives them an opportunity to develop their interest in-terest or at least explore some of the fields they might be interested in-terested in. The one thing that effects us all in our daily living is the use of money. The establishing of a saving program in our schools can teach the wise use of money and the value of savings. It also provides an opportunity to cooperate co-operate w'ith the national savings program. In the Cedar City junior high school, we have established a savings bank where the students can actually save the money they earn. We believe that school savings sav-ings is an educational program aimed at the teaching of thrift and good personal money management, man-agement, and a program which also provides students with the oppott unity of buying savins samps and bonds each week at school thus making saving easy and habitual. The bank is operated daily for those wishing to make deposits and for purchasing stamps and bonds. In connection with oit saving program, one day o-.ch week is set aside for -selling stamps and bonds. The way this is handled provides a personal con' act with each student to en-cou en-cou age him to participate with us in the program. We obtain from the U. S. Saving Sav-ing Bond office cards which read "Stamp Day Tomorrow", on one side and on the other side "Stamp Day Today". On Monday this card is put up in front of the room "Stamp Day Tomorrow", whici' serves as a reminder that a bahk representative is going to call ci! them the following morning morn-ing Tuesday. Tuesday the card is reversed to read "Stamp Day Today". During the period a representative rep-resentative from the business math class contacts each student perst'i.ally, encouraging him to participate in the savings program pro-gram with us. This makes the progiam a little more personal for nh student. Ei t student wishing to open a savin" account Is given a regular reg-ular savings book and his deposits, de-posits, whether pennies or dollars, dol-lars, ure entered on the bank's .records as well as on his personal per-sonal saving book. He is entitled to interest at the rate of 5rr a 'month up to $10 maximum. When a student has saved this amount we encourage him to let us start him a savings account at the local bank, hoping he will continue the saving habit. The interest that is paid to (he students is taken from the profits of the school book store. Both the Lank and store are operated by the students of the business math class. Counting the mnney, waiting on customers and auditing audit-ing the accounts provides the studei.ts with real life experiences. experi-ences. In setting up a savings program pro-gram it should include some of the following objective: 1. To establish the habit of saving. 2., To stimulate pupils to save for a definite purpose. 3. To teach honesty and thrif-tyness. thrif-tyness. 4. To use this activity as a student operated and controlled project for teaching the proper care and handling of money. Whether students save pennies or buy stamps, they should be taught while they are young that wise spending and saving are important not only to themselves but to their country. |