School Bank

Last year the school opened a school bank. It is an effort to teach students to save up money instead of spending all that they have. Last year they had a big opening ceremony and ribbon cutting for the new bank. Students were then allowed to open up their accounts with a fee of 40 Baht (just over $1). 20 Baht for the account book and 20 Baht as an initial deposit. There were 20+ students who volunteered to work at the bank, and they each had set days to work. It is open before school, and at lunchtime. The teachers in charge tallied up the number of times students deposited money and gave prizes accordingly. Showing students it not about how much money your parents give you to set aside, but a matter of how many times you've been to the bank. Students who had withdrawn money were disqualified from the prizes to encourage saving. What great lessons the students are learning. The grand prize was a bicycle, I think that will encourage students to deposit a lot more this year.