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Cresskill Students Receive Crash Course In Banking

Allison Peterson, Bank of NJ Rep. and Merritt School Students in the iPiggiBank Money Management for Kids after school enrichment class. Photo Credit: Shara Nadler
L to R (Top Row): Allison Peterson/Bank of NJ Rep., Principal Paul Diverio/Merritt Memorial Public School (Cresskill, NJ) and Tracey Naccarella/iPiggiBank Teacher. Photo Credit: Shara Nadler
Allison Peterson, Bank of NJ Rep. and Merritt School Students in the iPiggiBank Money Management for Kids after school enrichment class. Photo Credit: Shara Nadler

CRESSKILL, N.J. — Merritt Memorial School third-, fourth- and fifth-graders in Cresskill got a crash course in banking on Thursday afternoon.

The presentation by Allison Peterson, vice president of Haworth Bank of New Jersey, was part of a seven-week, after-school money management class organized by startup iPiggiBank .

The presentation covered short- and long-term savings, debt, interest and CDs.

"I was very impressed with how receptive the kids were," Peterson told Daily Voice. "They asked very smart questions and I think they walked away with a very good understanding."

iPiggiBank founder Shara Nadler said the program was a great way to kick off National Financial Literacy Month.

"It was very exciting to watch these kids be excited about how to manage their money," Nadler told Daily Voice. "Our goal is to start kids early on the path to healthy financial habits."

All students who attended the class received an iPiggiBank Certificate of Completion, which they can take to a Bank of New Jersey branch for a "behind the scenes" bank tour.

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