Originally posted in the Battle Lake Review Paper
Local students are getting a free education in how to manage their money. Gate City Bank is working with Banzai, a national award-winning financial literacy program, to make online, remote-friendly curriculum available to 20 schools in Burleigh, Clay, Douglas, Grand Forks, Morton, Otter Tail, Ramsey, Richland, Walsh and Williams counties completely free.
“Banzai is a web-based financial literacy program. Kids get their own accounts and they work through assignments that are based on real life,” Morgan Vandagriff, co-founder of Banzai said, “but, because Gate City Bank is sponsoring it, local students get it for free. More than ever, it’s important that kids develop sound financial skills to prepare them for the real world and Gate City Bank realizes that and they’re doing something about it.”
Banzai is an interactive, online program supplemented by printed workbooks and aligns with North Dakota and Minnesota state curriculum requirements for personal finance education. The course can be completed on any internet enabled computer or mobile device and teachers are able to monitor student progress remotely. It has become the largest program of its kind serving more that 60,000 teachers nationwide.
Gate City Bank has offered time, money, industry experience and a variety of bank resources to help local schools teach personal finance in the classroom. Students using the program are exposed to real-life scenarios where they learn to pay bills and balance a budget - but it’s not always easy. Students must learn to manage unexpected expenses such as parking tickets, interest charges and overdraft fees. The educational program also introduces students to auto loans, bank statements, entertainment costs, savings and more.
Teachers interested in using the Banzai program can visit gatecitybank.teachbanzai.com or call 888-822-6924.