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Bank It Presentation for National Academy Foundation Conference

July 12, 2010

Artwork and creative inspiration provided by Hazim JalilCopyright © 2010 by Capital One and Search Institute. Capital One® and Search Institute® are federally registered service marks. Bank ItSM service mark is pending. All rights reserved.

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Session Overview

• Ice Breaker Activity

• What is Bank It?

• Group Discussions

• Experience the Program

• Website Preview

• Wrap Up

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Fixing an “F” Grade

• In your table groups, make a list of the top 3 steps you would take to help these

students. Create a flipchart of your steps

• Share out by table groups

• You have 5 minutes

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Teens

Active consumers*

Spend $175 billion per year

21% credit card access

6% have ATM cards

“In the dark” on money topics*

“F” for financial literacy**

Parents

More than 70% have spoken with teens

about credit But only 44% of teenagers say their

parents have talked to them*

75% of adults say it's important for adults to

give financial guidance to children and

teenagers while only 36 percent of adults

actually do so.***

88% of parents say it’s important to guide

child's money use***

Only 26% feel prepared***

Why Teens and Parents Need Bank It

*National Adult Financial Literacy, Research Overview, David Godsted and Martha Henn McCormick, 2007

**The Financial Literacy of Young American Adults, The Jump$tart Coalition for Personal Financial Literacy, 2008

***Scales, P. C., Benson, P. L., & Roehlkepartain, E. C. (2001). Grading grown-ups. Minneapolis: Search Institute.

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What is Bank It?

Real-world topics and tools to help teens and

parents improve the quality of

conversations about topics

Multimedia

In-person workshop

Interactive Web site

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Through Bank It, Parents and Teens Will:

• Learn how to make positive money choices—starting now.

• Become more comfortable with talking about and managing money.

• Discover how to avoid common money traps.

• Identify easy steps to reach their financial dreams.

• Find people and resources to support them in making money choices.

Who is the audience?

• Parents or other Caring Adult in a teens life

• Teenagers (grades 6 to 12)

• Volunteers (workshop leaders and community partners)

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Overview of Workshop Options

12 Money Topics

Talk Well

Dream Well

Invest Well

Earn Well

Give Well

Budget Well

Borrow Well Live Well

Protect Well

Save Well

Spend Well

Move Forward Well

3 Workshops per Money Topic

Level 1- Introductory

Level 2- Going Deeper

Level 3- More Advanced

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Talk Well Module

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• Visit: www.bankit.com for access to the

workshop leader materials and the Teen and

Parent spaces.

• Share your success with the Bank It team